MSRB Seeks Board of Director Candidates

Date: January 18, 2011

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

MSRB SEEKS BOARD OF DIRECTOR CANDIDATES
Five Positions Available 
October 1, 2011   

Alexandria , VA – The Municipal Securities Rulemaking Board (MSRB) is seeking qualified candidates to fill five positions available on its Board of Directors beginning October 1, 2011. The five new Board members—three that represent regulated entities and two that represent the public—will each serve three-year terms.

The MSRB Board of Directors includes 11 members who are public and independent of the industry, and 10 members who are representatives of MSRB-regulated broker-dealers, banks and municipal advisors. Applicants representing the public may be any independent member of the general public who is knowledgeable about the municipal securities market.

“We encourage all qualified municipal market professionals and members of the public who can contribute to the MSRB’s mission and rulemaking initiatives to apply for a position on the Board,” said MSRB Chair Michael G. Bartolotta.

The MSRB is a self-regulatory organization whose mission is to protect investors, state and local government issuers, public pension plans and others whose credit stands behind municipal bonds. The MSRB fulfills this mission by regulating broker-dealers, banks and municipal advisors that engage in municipal securities and municipal advisory activities. To further protect market participants, the MSRB promotes disclosure and market transparency through its Electronic Municipal Market Access (EMMA) website, provides education and conducts outreach.

All interested candidates are required to submit an application. MSRB Board of Director applications are available electronically or may be obtained by calling (703) 797-6754. All applications must be submitted by March 1, 2011. Applications may be emailed to smajroh@msrb.org or mailed to: Sara Majroh, Board Administrator, 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.