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

MSRB SEEKS BOARD OF DIRECTORS APPLICANTS

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB), the self-regulatory organization that oversees the $3.6 trillion municipal securities market, is accepting applications for its Board of Directors. The Board sets the strategic direction of the organization, makes policy decisions, authorizes rulemaking and market transparency initiatives, and oversees MSRB operations.

The MSRB is seeking individuals knowledgeable about the municipal market to help craft policies on the regulation of financial professionals, market structure, the MSRB’s Electronic Municipal Market Access (EMMA®) website — a vital tool used by market participants to monitor municipal security trade price and disclosure information — and other topics.

The MSRB Board consists of 11 independent members that are representative of the public, including investors, municipal entities and other non-MSRB regulated individuals. The Board also has 10 members that represent MSRB-regulated entities, including broker dealers, bank dealers and municipal advisors. The MSRB is seeking applicants to fill four public and three regulated-entity Board positions for terms that begin October 1, 2015.

Qualified individuals from around the country representing diverse organizations and market perspectives should consider applying. Applicants with strong knowledge of the pricing and trading of municipal securities, including those with institutional “buy-side” experience, are encouraged to apply. The MSRB is particularly interested in investor applicants who are not affiliated with an MSRB-regulated entity. MSRB Rule A-3 outlines requirements for all applicants to the Board, including specific eligibility requirements to serve as a public or regulated Board member.

The MSRB will host an educational webinar for potential applicants on Tuesday, January 13, 2015 at 12:30 p.m. ET to review requirements and duties of Board members, and answer questions about Board service. Register for the webinar.

To be considered for a position on the MSRB Board of Directors, submit an application, which is available on the MSRB Board of Directors Application Portal, no later than February 20, 2015. Questions can be directed to Sara Majroh, Assistant Corporate Secretary and Board Administrator, at 703-797-6754 or at smajroh@msrb.org. 

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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