MSRB-RBDA to Host Compliance Seminar May 12 in St. Louis

Date: March 17, 2010

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

Rulemaking, Compliance and Enforcement Among Topics at May 12 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 Wednesday, May 12, 2010 from 2:00 p.m. to 5:00 p.m. at the Chase Park Plaza Hotel, 212 North Kingshighway Blvd., St. Louis, Missouri.  A reception will immediately follow the meeting.   

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

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

“The past year has seen important changes in the municipal bond market and the MSRB is pleased to work with the RBDA to keep market participants informed about the regulatory landscape,” 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.  

“The RBDA looks forward to working with the MSRB to present a seminar that will inform the municipal bond community about important regulatory initiatives,” said Mike Nicholas, CEO of the Regional Bond Dealers Association. “This event is not just for dealers and we look forward to providing a forum for information sharing and networking.”

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.