MSRB Hires Veteran Securities Attorney

Date: May 19, 2014

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


Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) announced today that Sharon Zackula has joined the MSRB as Associate General Counsel, adding a veteran securities attorney to the MSRB’s market regulation department.

“We couldn’t be more pleased that Sharon has become part of the MSRB’s regulatory and policy staff,” said MSRB’s Executive Director Lynnette Kelly. “Her broad expertise in the fixed income markets complements our existing team focused on regulation of the municipal securities market.”  The MSRB’s market regulation department provides legal expertise and support associated with rulemaking and the oversight of municipal market professionals, including dealers and municipal advisors.

Zackula joins the MSRB after working for more than 17 years at the Financial Industry Regulatory Authority (FINRA), where she was associate general counsel and associate vice president. At FINRA, she handled a variety of regulatory and policy matters, with a focus on fixed income securities, and was the Office of General Counsel’s primary liaison to the MSRB, the Securities and Exchange Commission (SEC) and various FINRA departments on fixed income policies and rules.

Prior to FINRA, Zackula was a special counsel in the Division of Trading and Markets at the Commodity Futures Trading Commission, and previously was in private practice where she served as counsel in various capacities in municipal securities offerings. Zackula began her legal career as an attorney in the SEC’s Division of Market Regulation. She earned a Bachelor’s degree from Washington University in St. Louis and a J.D. from DePaul University College of Law in Chicago. 

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.