MSRB to Host Outreach Seminar in Austin, Texas

Date: January 4, 2011

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

 

MUNICIPAL SECURITIES RULEMAKING BOARD TO
HOST OUTREACH SEMINAR IN AUSTIN, TEXAS  

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) announced today it will host an education and outreach seminar for municipal market professionals in Austin, Texas on February 15, 2011. The event will provide an opportunity to learn about changes in municipal market regulation as it relates to municipal entities and municipal advisors.

Industry professionals – including municipal entities, investors, municipal advisors and registered broker-dealers – can attend the event. These sessions will provide information about the MSRB’s expanded mission to protect municipal entities, its municipal advisor rulemaking and the development of professional qualifications for municipal advisors.

The seminar will be held Tuesday, February 15, 2011, beginning at Noon CT at Barton Creek Resort, 8212 Barton Club Drive, Austin, Texas 78735. View the agenda for the Austin seminar.

Consistent with the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act, as of October 1, 2010, the MSRB’s mission includes the protection of state and local government entities and others whose credit stands behind municipal bonds. The MSRB also now oversees municipal advisors that provide advice to these entities on a range of municipal securities or investment-related matters and that solicit certain business from these entities on behalf of others. This oversight is in addition to the MSRB’s existing regulation of banks and securities firms that engage in municipal securities business.


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.