Regulator’s Web Tool Provides Pricing Information on Municipal Bonds
From the Desk of Jim Eccleston at Eccleston Law Offices:
The Municipal Securities Rulemaking Board (MSRB) introduced a tool designed to enable users to more easily find and compare prices for municipal securities with similar characteristics on its Electronic Municipal Market Access (EMMA) website.
The tool will offer side-by-side comparisons of price and yield for up to five bonds at a time and also produce a graph of a bond’s historical pricing, which will help financial advisors make recommendations and assist investors to understand the value of those bonds.
However, even though the EMMA tool will aid investors, it won’t be able to tell them precisely how much they should be paying for a bond because the bond price still suffers from a lack of transparency.
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Related Attorneys: James J. Eccleston