MSRB and SIFMA Co-Host Chicago Municipal Securities Regulation Seminar

Date: March 27, 2012

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

MSRB AND SIFMA CO-HOST CHICAGO MUNICIPAL SECURITIES REGULATION SEMINAR

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) and the Securities Industry and Financial Markets Association (SIFMA) announced today they will hold a municipal securities regulation seminar for municipal market participants on Wednesday, June 13, 2012 from 1:00 p.m. to 4:00 p.m. at the Mid-America Club, 200 East Randolph Drive, Chicago, Illinois 60601. View the agenda.

Panel discussions will address current MSRB rulemaking initiatives, including duties of underwriters to issuers, the development of rules for retail order periods, duties of municipal advisors to municipal entity clients and an update on the regulation of broker’s brokers. MSRB staff will also discuss risk-based examinations and changes to MSRB Rule G-16, conflicts of interest and changes to MSRB Rule G-23, updates to the definition of “Sophisticated Municipal Market Professional” and interpretive guidance regarding bondholder consents.

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

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 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.