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

 

MUNICIPAL SECURITIES RULEMAKING BOARD TO
 HOST OUTREACH SEMINAR IN AUSTIN, TEXAS  

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) announced today it will host an education and outreach seminar for municipal market professionals in Austin, Texas on February 15, 2011. The event will provide an opportunity to learn about changes in municipal market regulation as it relates to municipal entities and municipal advisors.

Industry professionals – including municipal entities, investors, municipal advisors and registered broker-dealers – can attend the event. These sessions will provide information about the MSRB’s expanded mission to protect municipal entities, its municipal advisor rulemaking and the development of professional qualifications for municipal advisors.

The seminar will be held Tuesday, February 15, 2011, beginning at Noon CT at Barton Creek Resort, 8212 Barton Club Drive, Austin, Texas 78735. View the agenda for the Austin seminar.

Consistent with the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act, as of October 1, 2010, the MSRB’s mission includes the protection of state and local government entities and others whose credit stands behind municipal bonds. The MSRB also now oversees municipal advisors that provide advice to these entities on a range of municipal securities or investment-related matters and that solicit certain business from these entities on behalf of others. This oversight is in addition to the MSRB’s existing regulation of banks and securities firms that engage in municipal securities business.

The Municipal Securities Rulemaking Board (MSRB) protects and strengthens the municipal bond market, enabling access to capital, economic growth, and societal progress in tens of thousands of communities across the country. MSRB fulfills this mission by creating trust in our market through informed regulation of dealers and municipal advisors that protects investors, issuers and the public interest; building technology systems that power our market and provide transparency for issuers, institutions, and the investing public; and serving as the steward of market data that empowers better decisions and fuels innovation for the future. MSRB is a self-regulatory organization governed by a board of directors that has a majority of public members, in addition to representatives of regulated entities. MSRB is overseen by the Securities and Exchange Commission and Congress.

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