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


BOND ATTORNEY JOINS MUNICIPAL SECURITIES
RULEMAKING BOARD STAFF

Alexandria, VA - The Municipal Securities Rulemaking Board (MSRB), a self-regulatory organization with rulemaking and market information responsibilities, announced today that Leslie Carey has joined the organization as Associate General Counsel. Carey has more than 10 years of municipal bond experience in the private and public sectors.  Prior to her appointment at MSRB, Leslie served as Senior Counsel at Shefsky & Froelich in Chicago where she represented municipal issuers, underwriters and borrowers in various financings.  Carey earlier was Associate General Counsel for the District of Columbia Housing Finance Agency where she counseled the agency on bond issuances, among other responsibilities, and has additional experience as bond and underwriter's counsel.

"Leslie's background makes her a great fit for a role on our legal team," said Lynnette Hotchkiss, MSRB's Executive Director.  "She knows the muni bond market well and has experience working with all types of market participants," Hotchkiss said that in addition to working on the MSRB's rulemaking initiatives, Carey will be actively involved in the continued development of the MSRB's Electronic Municipal Market Access system, or EMMA.

Carey received her Bachelor of Arts in political science and her law degree from the University of Illinois at Urbana-Champaign.

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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