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

MSRB TO PROVIDE WRITTEN VERIFICATION OF MUNICIPAL ADVISOR AND DEALER REGISTRATION STATUS 

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today announced it will provide written verification of the registration status of municipal advisors and dealers so state and local governments and others can verify that these firms are currently registered with the MSRB.

At any time, the registration status of municipal advisors and dealers can be confirmed on the MSRB website. Beginning today, registered entities can obtain a Certificate of Current MSRB Registration so they can respond to requests from municipal entities and others to provide this information. View a sample registration certificate.

Federal securities laws and MSRB rules require municipal advisors and dealers to be registered with both the Securities and Exchange Commission and the MSRB, and the MSRB recommends that municipal entities and obligated persons verify the registration status of any municipal advisor and dealer firm they retain.

“State and local governments and obligated persons hiring financial professionals may want written verification of their registration status,” said MSRB Executive Director Lynnette Kelly Hotchkiss. “The MSRB has created a Certificate of Current MSRB Registration so that municipal advisors or dealers can satisfy these requests.”

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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