Gail Marshall, Chief Compliance Officer

Gail Marshall is the Chief Compliance Officer of the Municipal Securities Rulemaking Board (MSRB) where she is responsible for the MSRB’s relationship with other regulatory authorities in connection with enforcement support. She also oversees internal legal affairs and the development and maintenance of professional qualification standards for regulated entities, and collaborates on the MSRB's regulatory policy and rulemaking. Ms. Marshall previously served as the MSRB’s Associate General Counsel – Enforcement Coordination. 

Prior to joining the MSRB, Ms. Marshall served as Of Counsel at an international law firm from 2000-2015 where she advised broker-dealers and investment advisers on compliance and regulatory matters. Prior to 2000, she was an attorney with the Securities and Exchange Commission (SEC) where she served as special counsel to Commissioner Isaac C. Hunt, Jr. as well as special counsel in the Division of Trading and Markets and Division of Enforcement.

Ms. Marshall received a bachelor’s degree from Westfield State University, a master of laws in Securities and Financial Regulation from Georgetown University Law Center and a juris doctor from New England School of Law. 


The MSRB protects investors, state and local governments and other municipal entities, and the public interest by promoting a fair and efficient municipal securities market. The MSRB fulfills this mission by regulating the municipal securities firms, banks and municipal advisors that engage in municipal securities and advisory activities. To further protect market participants, the MSRB provides market transparency through its Electronic Municipal Market Access (EMMA®) website, the official repository for information on all municipal bonds. The MSRB also serves as an objective resource on the municipal market, conducts extensive education and outreach to market stakeholders, and provides market leadership on key issues. The MSRB is a Congressionally-chartered, self-regulatory organization governed by a 21-member board of directors that has a majority of public members, in addition to representatives of regulated entities. The MSRB is subject to oversight by the Securities and Exchange Commission.

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