MSRB Appoints Milroy A. Alexander to Board of Directors

Date: May 1, 2013

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


Alexandria, VA  – The Municipal Securities Rulemaking Board (MSRB) today announced that Milroy A. Alexander, a former MSRB Board member and former chief executive officer of the Colorado Housing and Finance Authority, has joined the Board of Directors to serve as a public representative through September 30, 2013. The MSRB also announced that Benjamin S. Thompson, Managing Principal and Chief Executive Officer of Samson Capital Advisors, will continue his service as a public representative on the Board through September 30, 2014.

Mr. Thompson is extending his Board service to ensure that the MSRB complies with its statutory requirement to include at least one investor representative on its Board of Directors. He will serve the remainder of the term of Peter J. Taylor, who is resigning due to other commitments. Mr. Alexander was appointed to complete Mr. Thompson’s original term.

"Roy is a tremendous asset to the MSRB and we are thrilled to welcome him back,” said MSRB Chair Jay Goldstone.  "We are also pleased that Ben will be continuing his service through next year. He contributes a valuable investor perspective to Board discussions."

The 21-member Board, which establishes regulatory policies and oversees the operations of the MSRB, has eleven members that represent the public and ten that represent entities regulated by the MSRB, including broker-dealers, banks and municipal advisors. In order to provide consistency of policy, seven individuals join the Board each year and seven others complete their three-year terms.

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.