MSRB Elects New Public Board Member

Date: October 22, 2012

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


Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today announced that Marcy Edwards has joined the MSRB Board of Directors for a three-year term. Ms. Edwards is Senior Financial Policy Advisor to the District of Columbia’s Chief Financial Officer and has spent her career in municipal finance and government budget capacities.

“Marcy’s experience as an advisor to state and local governments, an issuer of bonds and in municipal credit ratings makes her ideally suited to advance the MSRB’s mission to protect investors and state and local governments,” said MSRB Chair Jay M. Goldstone. “We are grateful that she is joining the Board and look forward to her many contributions.”

The MSRB Board of Directors is composed of members representing both the public and regulated entities, including broker-dealers, bank dealers and municipal advisors. Ms. Edwards joins the MSRB as one of 11 independent, public members represented on the MSRB’s 21-member board.

Ms. Edwards has spent many years of her career in public finance. Prior to joining the government of the District of Columbia, Ms. Edwards was executive vice president and a partner of the financial advisory firm Public Resources Advisory Group, where she advised a broad range of state and local governments, their agencies and authorities on credit issues and assisted in the structuring of a variety of public finance offerings. She also was a vice president and manager in the municipal department of Moody’s Investors Service and held positions with the United States Senate Budget Committee, the U.S. Office of Management and Budget and the U.S. Department of Energy.

Ms. Edwards is a member of the National Federation of Municipal Analysts, the Municipal Forum of New York and the Municipal Analysts Group of New York. She received a bachelor’s degree from Rollins College and a master’s degree in public administration from the University of Southern California.

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.