MSRB Names Deputy General Counsel

Date: June 12, 2013

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


Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) announced today that Michael L. Post will join the MSRB as Deputy General Counsel. Post, who has served for over 10 years at the Securities and Exchange Commission (SEC), will oversee all aspects of the MSRB’s rulemaking activities. He will report to MSRB General Counsel Gary Goldsholle, along with Lawrence Sandor, who was named MSRB Deputy General Counsel in March 2013, overseeing enforcement support and professional qualifications for regulated entities.

“The addition of Michael’s leadership in our rulemaking efforts will complement the leadership provided by Larry in enforcement support and professional qualifications,” said Goldsholle, who joined the MSRB in October 2012. “By structuring our market regulation activities in this manner we can better align legal resources in support of the MSRB priority initiatives.”

Post currently serves as senior litigation counsel in the appellate group of the SEC’s Office of the General Counsel. From 2007-2009, he served as counsel to the Chairman and assisted in the response to the financial crisis. He also advised the Chairman on a wide range of legal and policy initiatives arising out of the Division of Enforcement and the Division of Trading and Markets, such as the improvement of disclosure for investors in municipal securities. In 2005, he received the Manuel F. Cohen Outstanding SEC Younger Lawyer Award from the Securities Law Committee of the Federal Bar Association. Prior to the SEC, he was an associate at Sidley, Austin, Brown & Wood LLP, where he was involved in appellate and securities litigation and regulatory matters.

“We are very excited to welcome Michael to the MSRB,” said MSRB Executive Director Lynnette Kelly. “His extensive background in and knowledge of financial market regulation will enhance the MSRB’s mission to ensure a fair and efficient municipal market.”

Post began his legal career as a law clerk to the Honorable Paul J. Kelly, Jr., on the U.S. Court of Appeals for the Tenth Circuit. He received his law degree, with high honors, from The George Washington University Law School, where he was a senior editor of the Law Review. He received his bachelor’s degree in economics from the University of California, Los Angeles.

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.