MSRB-RBDA to Host Municipal Securities Regulation Seminar in Texas

Date: June 25, 2010

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


Rulemaking, Compliance and Enforcement Among Topics at September 23 Meeting  

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) and the Regional Bond Dealers Association (RBDA) are pleased to announce they will hold a municipal securities regulation seminar on Thursday, September 23, 2010 from 8:00 a.m. to 11:00 a.m. CST at the Four Seasons Hotel, 4150 North MacArthur Boulevard, Irving, Texas.

Panel discussions will address recent MSRB rulemaking initiatives, including MSRB transparency programs such as the Electronic Municipal Market Access (EMMA) system and the Short-Term Obligation Rate Transparency (SHORT) system. MSRB legal and policymaking staff, and staff from the Financial Industry Regulatory Authority (FINRA), the Internal Revenue Service (IRS) and the Securities and Exchange Commission (SEC) will discuss current compliance and enforcement issues.

The seminar is open to all members of the municipal securities community, including professionals at broker-dealers, asset managers, municipal financial advisors, issuers and bond counsel. There is no charge for attending; however, pre-registration is required. Register for the conference. View the conference agenda.

“There are significant changes and activity in the regulation of the municipal bond market and the MSRB is pleased to work with RBDA to keep market participants informed about these changes,” said MSRB Executive Director Lynnette Kelly Hotchkiss.

The seminar also provides a unique opportunity for market participants to meet with regulators in an informal setting.

“We look forward to providing a forum for market participants to share information and network,” said Mike Nicholas, CEO of the Regional Bond Dealers Association. “The RBDA is happy to work with the MSRB on sessions addressing regulatory and compliance matters that directly impact the municipal bond market.”

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.