There shall be in the Commission an Office of Municipal Securities, which shall—
(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) coordinate with the Municipal Securities Rulemaking Board for rulemaking and enforcement actions as required by law.
The head of the Office of Municipal Securities shall be the Director, who shall report to the Chairman.
The Office of Municipal Securities shall be staffed sufficiently to carry out the requirements of this section.
(1) In general The Office of Municipal Securities shall be staffed sufficiently to carry out the requirements of this section.
(2) Requirement The staff of the Office of Municipal Securities shall include individuals with knowledge of and expertise in municipal finance.
(Pub. L. 111–203, title IX, § 979, July 21, 2010, 124 Stat. 1926.)