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

MSRB SEEKS BOARD OF DIRECTOR CANDIDATES
Five Positions Available  October 1, 2011   

Alexandria , VA – The Municipal Securities Rulemaking Board (MSRB) is seeking qualified candidates to fill five positions available on its Board of Directors beginning October 1, 2011. The five new Board members—three that represent regulated entities and two that represent the public—will each serve three-year terms.

The MSRB Board of Directors includes 11 members who are public and independent of the industry, and 10 members who are representatives of MSRB-regulated broker-dealers, banks and municipal advisors. Applicants representing the public may be any independent member of the general public who is knowledgeable about the municipal securities market.

“We encourage all qualified municipal market professionals and members of the public who can contribute to the MSRB’s mission and rulemaking initiatives to apply for a position on the Board,” said MSRB Chair Michael G. Bartolotta.

The MSRB is a self-regulatory organization whose mission is to protect investors, state and local government issuers, public pension plans and others whose credit stands behind municipal bonds. The MSRB fulfills this mission by regulating broker-dealers, banks and municipal advisors that engage in municipal securities and municipal advisory activities. To further protect market participants, the MSRB promotes disclosure and market transparency through its Electronic Municipal Market Access (EMMA) website, provides education and conducts outreach.

All interested candidates are required to submit an application. MSRB Board of Director applications are available electronically or may be obtained by calling (703) 797-6754. All applications must be submitted by March 1, 2011. Applications may be emailed to smajroh@msrb.org or mailed to: Sara Majroh, Board Administrator, Municipal Securities Rulemaking Board, 1900 Duke Street, Suite 600, Alexandria, VA 22314-3412.

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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