StacksVerified U.S. federal law reference

15 U.S.C. § 78o–4a — Commission Office of Municipal Securities

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
  1. (a)In generalThere shall be in the Commission an Office of Municipal Securities, which shall—
    1. (1)administer the rules of the Commission with respect to the practices of municipal securities brokers and dealers, municipal securities advisors, municipal securities investors, and municipal securities issuers; and
    2. (2)coordinate with the Municipal Securities Rulemaking Board for rulemaking and enforcement actions as required by law.
  2. (b)Director of the OfficeThe head of the Office of Municipal Securities shall be the Director, who shall report to the Chairman.
  3. (c)Staffing
    1. (1)In generalThe Office of Municipal Securities shall be staffed sufficiently to carry out the requirements of this section.
    2. (2)RequirementThe staff of the Office of Municipal Securities shall include individuals with knowledge of and expertise in municipal finance.