MSRB and SIFMA to Co-Host Municipal Securities Regulation Seminar in New York

Date: August 27, 2012

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


Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) and the Securities Industry and Financial Markets Association (SIFMA) announced today they will co-host a municipal securities regulation seminar for municipal market participants on Tuesday, October 2, 2012 from 2:30 p.m. to 5:30 p.m. at SIFMA’s headquarters, 120 Broadway, New York, New York 10271. A reception will follow the event. View the agenda.

A panel discussion will address current MSRB initiatives, including duties of underwriters to issuers, retail order periods, the regulation of broker’s brokers and the development of risk-based examinations. MSRB staff will also discuss MSRB Rule G-23 and the prohibition on role-switching, updates to the definition of “sophisticated municipal market professional” and the MSRB’s electronic brokerage concept proposal.

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 priorities.

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.