MSRB and BDA to Co-Host Regulation Seminar in St. Louis

Date: February 21, 2012

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


Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) and the Bond Dealers of America (BDA) announced today they will hold a municipal securities regulation seminar for municipal market participants on Wednesday, May 2, 2012 from 2:30 p.m. to 5:30 p.m. at the Four Seasons Hotel, 999 North Second Street, St. Louis, Missouri 63102. View the agenda.

Panel discussions will address current MSRB rulemaking initiatives, including underwriter duties to issuers and the development of rules for retail order periods. An update will also be given on the regulation of brokers’ brokers.

Senior staff from the Financial Industry Regulatory Authority and Internal Revenue Service will also participate in the conference to discuss current compliance and enforcement issues.

“The MSRB is looking forward to the opportunity to again partner with the BDA to educate municipal market participants about the MSRB’s most recent initiatives, as well as other compliance and regulatory issues facing the municipal market,” said MSRB Executive Director Lynnette Kelly.

The seminar is open to all members of the municipal securities community, including dealers, municipal advisors, issuers and bond counsel. There is no charge to attend; however, pre-registration is required. Register for the seminar.

“The BDA is excited to again work with the MSRB to host this event for municipal market stakeholders,” said Mike Nicholas, CEO of the Bond Dealers of America. “The seminar will provide a unique opportunity to learn first-hand about current and expected municipal market regulation and enforcement and create networking opportunities for industry professionals.”

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.