MSRB-SIFMA to Hold Municipal Securities Regulation Seminar June 23 in Los Angeles

Date: April 30, 2010

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


Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) and the Securities Industry and Financial Markets Association (SIFMA) are pleased to announce they will hold a municipal securities regulation seminar on Wednesday, June 23, 2010 from 12:00 Noon to 3:00 p.m. at the Los Angeles Marriott Downtown, 333 South Figueroa Street, Los Angeles, CA. 

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 and the Securities and Exchange Commission will discuss current examination and enforcement issues.

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

 “The MSRB is pleased to work with SIFMA to keep market participants informed about new and existing regulations at a time when compliance is vital to the dealer community,” said MSRB Executive Director Lynnette Kelly Hotchkiss.

“SIFMA looks forward to working with the MSRB to engage and inform the dealer community in California about enforcement matters, compliance issues, and important regulatory initiatives in the municipal bond sector,” said Leon J. Bijou, SIFMA Managing Director and Associate General Counsel. 

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.  Click here to see the conference agenda.

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.