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

MSRB ISSUES STATEMENT ON NOMINATION OF SEC CHAIR

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) said today it welcomes President Obama’s nomination of Mary Jo White to lead the Securities and Exchange Commission (SEC).

“The MSRB looks forward to working closely with Ms. White to ensure the fair and efficient operation of the municipal securities market,” said MSRB Chair Jay Goldstone. “Her expertise and reputation as a strong enforcer of federal securities laws aligns well with the MSRB’s mission to protect municipal securities investors and state and local governments.”

The MSRB also said it will continue to work alongside SEC Commissioner Elisse Walter, who has been serving as interim SEC chairman and has demonstrated a commitment to promoting dialogue on the regulation of the municipal market throughout her service on the Commission. “Commissioner Walter will continue to be a leader in the ongoing effort to improve disclosure practices in the municipal securities market,” Goldstone said.

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. The 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. The 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. The MSRB is overseen by the Securities and Exchange Commission and Congress.

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