MSRB Names General Counsel

Date: September 20, 2012

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


Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) announced today that Gary L. Goldsholle will be joining the organization as General Counsel. Mr. Goldsholle will oversee the legal activities of the MSRB, including market regulation, professional qualifications, enforcement support and corporate governance. The General Counsel and MSRB’s Market Regulation staff play a key role in helping the MSRB fulfill its mission to protect investors and state and local governments in the municipal market.

Mr. Goldsholle currently serves as vice president and associate general counsel for the Financial Industry Regulatory Authority (FINRA), where he is responsible for regulatory policy and rule development. Prior to joining FINRA in 1997, Mr. Goldsholle worked in the Office of the Chief Counsel, Division of Trading and Markets at the Commodity Futures Trading Commission. He began his legal career as an associate at Steptoe & Johnson.

“Gary is an outstanding lawyer with substantial knowledge of self-regulatory organizations and financial regulation,” said MSRB Executive Director Lynnette Kelly. “As General Counsel, Gary will ensure that our legal activities and operations are consistent with all our mission-based activities and as we implement rulemaking, market transparency and outreach initiatives to promote a fair and efficient municipal market.” 

Mr. Goldsholle received a bachelor’s degree from Duke University and a law degree from the University of Chicago Law School.  

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.