MSRB Expands Board of Director Engagement for First Quarter of 2019

Date: January 10, 2019

Contact: Jennifer A. Galloway, Chief Communications Officer
               202-838-1500
               jgalloway@msrb.org

MSRB EXPANDS BOARD OF DIRECTOR ENGAGEMENT FOR FIRST QUARTER OF 2019

Washington, DC – The Municipal Securities Rulemaking Board (MSRB) today announced multiple stakeholder events that members of its Board of Directors will participate in during the first quarter of 2019. Events include outreach programs, conferences, town halls and roundtables that will provide opportunities for Board members and MSRB staff to hear directly from municipal market participants.

The Board has prioritized stakeholder engagement in 2019 to further inform the organization’s current retrospective rule review and efforts to provide municipal securities dealers and municipal advisors with clear interpretations and guidance, and compliance resources. MSRB outreach activities help ensure that the MSRB fulfills its mission in a manner that is highly informed about market practices.

“The Board is looking forward to additional opportunities to engage with municipal market participants this year,” said MSRB Chair Gary Hall. “These events will further enhance our perspective and understanding about issues and challenges in the market and ensure that any regulatory solutions are undertaken with a complete picture of their potential effects.”

Board members Richard Ellis and Manju Ganeriwala will be participating in the 2019 National Association of State Treasurers Legislative Conference in Washington, DC, on February 10–12, 2019. During the week of February 18, 2019, Board members will be meeting with dealer and municipal advisor firms in Chicago. On February 21, 2019, Chair Hall and Board member Dan Kiley will participate in the Midwest Compliance Roundtable with the St. Louis Bond Club at Commerce Bank in St. Louis, MO. A joint U.S. Securities Exchange Commission (SEC), MSRB and Financial Industry Regulatory Authority (FINRA) municipal advisor outreach event in San Francisco on February 7, 2019, will include attendance by Board members Gary Hall, Jerry Ford, Seema Mohanty and Renee Boicourt. Register for MSRB events.

This year, the Board is also taking the opportunity at several of its quarterly meetings to meet with groups representing entities regulated by the MSRB—dealers and municipal advisors—and those whose mission it is for the MSRB to protect—investors, municipal entities and obligated persons. “I am personally committed to being as available and accessible as possible to hear the concerns of industry stakeholders,” Chair Hall said. Listen to Chair Hall discuss how the MSRB is prioritizing stakeholder engagement in 2019.

The MSRB is governed by a 21-member Board. Members are knowledgeable of matters related to the municipal securities market and are representative of both public and private entities in the municipal securities market. Members meet throughout the year to make policy decisions, authorize rulemaking, enhance market transparency systems and oversee operations for the organization. See the list of current Board Members.


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.