Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Online Investors May Gain Protections From U.S. Muni Regulator

U.S. financial regulators, responding to the growth in trading securities over the Internet, want to bolster protections for investors buying municipal bonds through online brokers.

The Municipal Securities Rulemaking Board, which drafts regulations for the $3.7 trillion state-and-local bond market, said today said it may place new requirements on online brokers, such as collecting information about investors, sending out educational material and drawing up procedures for meeting their obligations -- including those aimed at preventing overcharging.

The municipal market is dominated by individuals seeking tax breaks or safety of bonds sold by state and local governments, which rarely default. Other bonds also backed by specific revenue, including parking garage tickets or levies on new housing developments, pose more risks to investors.

The board, based in Arlington, Virginia, said the new rules would be aimed at improving “the likelihood that individual investors who trade online would understand the features and risks of municipal securities and purchase securities that are appropriate based on their financial condition and risk tolerance.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.