What information does EMMA provide access to for municipal securities?

• A. A private database for broker-dealers
• B. The Electronic Municipal Market Access system that provides public access to official statements, continuing disclosure, and trade data for municipal securities
• C. A rating agency for munis
• D. A trading platform for primary offerings

Answer: (D)

EMMA is the public-access portal for municipal securities information. It provides public access to official statements, continuing disclosure documents, and trade data, helping investors review issuer details and observed trading activity. It is not a private database for broker-dealers, not a rating agency, and not a trading platform for primary offerings. Rather, it serves as a public archive and data source that enhances transparency in the muni market.