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

BOARD OF DIRECTORS OF THE MSRB SEEKS APPLICANTS
Seven Positions Available October 1, 2012

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 October 1, 2012. The MSRB, which regulates the $3.7 trillion municipal securities market, is governed by a Board of Directors, which makes policy decisions, approves rulemaking and market transparency initiatives and oversees MSRB operations.

Members of the 21-member Board represent the public as well as regulated municipal dealer and municipal advisor industries. The Board is seeking to elect four individuals representing the public and three individuals representing regulated entities– all whom will serve three-year terms.  Applicants representing regulated entities must be affiliated with a broker-dealer, bank or municipal advisor registered with the MSRB.  Applicants representing the public must be independent members of the general public who are knowledgeable about the municipal securities market. MSRB Rule A-3 on Board membership discusses the nomination and election process, including provisions about eligibility and requirements. More information can also be found on the MSRB's website.

“The MSRB Board of Directors plays a fundamental role in ensuring that the MSRB fulfills its critical mission to protect the interests of investors and municipal entities in the municipal securities market,” said MSRB Chair Alan Polsky. “Our selection process seeks to identify the most-qualified and knowledgeable individuals capable of overseeing the MSRB and its activities. We encourage all qualified individuals to apply.” 

The MSRB will announce the seven new Board members by September 30, 2012. Names of all applicants will be published on the MSRB’s website within one week of the announcement.

To be considered for a position on the MSRB Board of Directors, submit an application, which is available at on the MSRB Board of Directors Application Portal, no later than March 1, 2012. For questions, contact Sara Majroh, 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 Municipal Securities Rulemaking Board (MSRB) was established by Congress in 1975 with the mission to protect investors, issuers and the public interest and to promote efficiency, competition and capital formation. MSRB is a private, self-regulatory organization governed by an independent board of directors with market knowledge and expertise. MSRB does not receive federal appropriations and is funded primarily through fees paid by regulated entities. MSRB is overseen by Congress and the Securities and Exchange Commission.

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