MSRB Requests Recommendations For Board Nominations

Date: January 27, 2010

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

Five Board Positions with Three-Year Terms Available October 1, 2010

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) is seeking qualified candidates to be considered for future Board positions. Five positions, each with a three-year term, will be available on October 1, 2010.

The MSRB is a self-regulatory organization whose mission is to protect investors and the public interest by ensuring a fair and efficient municipal securities market. To accomplish this mission, the MSRB regulates securities firms and banks that underwrite, trade and sell municipal securities, and collects and disseminates market information and trade data. The MSRB was established by Congress in 1975 and is subject to oversight by the Securities and Exchange Commission.

The MSRB Board consists of 15 members.  Five members are public and independent of the industry, and 10 members are industry representatives from securities firms and bank municipal bond dealers. The MSRB is seeking qualified candidates in the public/independent and industry categories.

Nominations can be made by submitting a candidate recommendation form, which is available here or by calling (703) 797-6754.  Recommendations should be submitted no later than March 15, 2010 via email to or by mail to:  Stanley Grayson, Chair, Nominating Committee, Municipal Securities Rulemaking Board, 1900 Duke Street, Suite 600 Alexandria, VA  22314-3412

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.