MSRB to Host Outreach Seminars in New York and Chicago

Date: October 14, 2010

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

 

MUNICIPAL SECURITIES RULEMAKING BOARD TO HOST
OUTREACH SEMINARS IN NEW YORK AND CHICAGO

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) announced today it will host two education and outreach events for professionals in the municipal market. The events will provide an opportunity for market professionals to learn about the MSRB’s expanded mission and jurisdiction, the development of rules and professional qualifications for municipal advisors, and ongoing municipal securities dealer rulemaking.

In New York on November 2, 2010 and in Chicago on December 6, 2010, industry professionals – including municipal entities, investors, municipal advisors and registered broker-dealers – can attend education sessions. Among the topics to be covered are the MSRB’s expanded mission to protect municipal entities, its Electronic Municipal Market Access (EMMA) website and municipal disclosure, and municipal advisor and dealer rulemaking.

The New York seminar will be held Tuesday, November 2, 2010 beginning at 1:00 p.m. ET at the Harvard Club, 35 West 44th Street, New York, New York 10036. View the agenda for the New York event.

The Chicago seminar will be held Monday, December 6, beginning at 1:00 p.m. CT at the Hotel Allegro, 171 W. Randolph Street, Chicago, IL  60601. View the agenda for the Chicago event.

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.