Regulatory Update: Current State of the Municipal Securities Market

Jan. 2011


Municipal securities, including municipal bonds, comprise a $2.6 Trillion Market, two-thirds of which are owned by individual investors.1 State and local governments annually issue such securities in an effort to raise money for schools, roads, hospitals and other needs of the municipality. In return for their investment(s), municipal securities holders receive principal and interest payments, many of which are exempt from federal and state taxes.


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