MSRB Board Member Robert B. Jackman Dies

Date: December 10, 2010

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


Alexandria, VA – The Board of Directors of the Municipal Securities Rulemaking Board (MSRB) expressed its sorrow today over the loss of one of its members, Robert B. Jackman, 65, after his ten-and-a-half-year battle with cancer. Mr. Jackman was currently serving as a public member on the MSRB Board of Directors and previously served as a securities dealer representative.

“In many ways, Bob represented everything that is good about our business and the people in it,” said MSRB Chair Michael Bartolotta.

MSRB Vice Chair John Young, who worked with Mr. Jackman at Bear Stearns, said, “Bob was a consummate professional, a warm and caring person, and enjoyed life and the people in the business. He developed deep and strong relationships with everyone, from investors to issuers to traders to salesmen, and was universally admired. He will be greatly missed.”

Mr. Jackman was a municipal bond professional for 38 years at Bear Stearns & Co. He was also a U.S. Army veteran of the Vietnam War. After leaving Bear Stearns in 2006, Mr. Jackman turned his energy toward the Brooke Jackman Foundation—which carries out literacy programs for at-risk children in the New York area—as founder and trustee.

The Brooke Jackman foundation was created in honor of Mr. Jackman’s daughter who died in the north tower of the World Trade Center on September 11, 2001. The family requests any donations be made to the Brooke Jackman Foundation, P.O. Box 354, Mill Neck, NY 11765 or online by visiting the Brooke Jackman Foundation web site at

Mr. Jackman’s survivors include his wife of 41 years, Barbara; children, Erin and Ross; daughter-in-law, Iris; two granddaughters, Blake and Elle; and sister, Sandra Jackman Hoffman, among others.

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 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 overseen by the Securities and Exchange Commission and Congress.