MSRB Seeks Applicants for Board of Directors

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Date: January 6, 2014

Contact: Jennifer A. Galloway, Chief Communications Officer
            (703) 797-6600
           

MSRB SEEKS BOARD OF DIRECTORS APPLICANTS

Alexandria, VA – The Board of Directors of the Municipal Securities Rulemaking Board (MSRB) announced today it is seeking qualified applicants to fill seven positions on the Board beginning on October 1, 2014. The MSRB, which regulates the $3.7 trillion municipal securities market, is governed by a Board that sets the strategic direction of the organization, makes policy decisions, authorizes rulemaking and market transparency initiatives, and oversees MSRB operations.

Members of the 21-member MSRB Board represent the public as well as regulated municipal securities dealer and municipal advisor industries. The MSRB is seeking to appoint three public members and four regulated members, one of whom must be a municipal advisor. Applicants representing regulated entities must be affiliated with a broker-dealer, bank or municipal advisor registered with the MSRB. Applicants representing the public must not be affiliated with municipal securities dealers or municipal advisors. All MSRB Board of Directors applicants must be knowledgeable on matters related to the municipal securities market. MSRB Rule A-3 on Board membership discusses the nomination and election process, including provisions about eligibility and requirements.

The names of all applicants will be published on the MSRB’s website within one week of the announcement of the new Board members.

To be considered for a position on the MSRB Board of Directors, submit an application, which is available on the MSRB Board of Directors Application Portal, no later than February 24, 2014. For questions, contact Sara Majroh, Assistant Corporate Secretary and Board Administrator, Municipal Securities Rulemaking Board, 1900 Duke Street, Suite 600, Alexandria, VA, 22314-3412 or by phone 703-797-6754 or email smajroh@msrb.org.

The MSRB protects investors, state and local governments and other municipal entities, and the public interest by promoting a fair and efficient municipal securities market. The MSRB fulfills this mission by regulating the municipal securities firms, banks and municipal advisors that engage in municipal securities and advisory activities. To further protect market participants, the MSRB provides market transparency through its Electronic Municipal Market Access (EMMA®) website, the official repository for information on all municipal bonds. The MSRB also serves as an objective resource on the municipal market, conducts extensive education and outreach to market stakeholders, and provides market leadership on key issues. The MSRB is a Congressionally-chartered, self-regulatory organization governed by a 21-member board of directors that has a majority of public members, in addition to representatives of regulated entities. The MSRB is subject to oversight by the Securities and Exchange Commission.

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