Marcy Edwards Rejoins MSRB Board of Directors

Date: February 1, 2016

Contact: Jennifer A. Galloway, Chief Communications Officer


Washington, DC – The Board of Directors of the Municipal Securities Rulemaking Board (MSRB) announced today that former Board Vice Chair Marcy Edwards, who served as senior financial policy advisor to the District of Columbia’s chief financial officer, has returned to the Board as a public representative through September 30, 2016. The MSRB also announced that Christopher Ryon, Managing Director at Thornburg Investment Management, will continue his service as a public representative through September 30, 2018.

The Board is extending Mr. Ryon’s service to ensure the continued representation of an institutional investor on the majority-public Board. Mr. Ryon was appointed to serve the remainder of the term of Andrew Sanford, who has resigned from the Board. Ms. Edwards, whose prior term on the Board ended September 30, 2015, will complete Mr. Ryon’s original term.

“Tapping experienced public representatives like Marcy and Chris for additional Board service preserves the important balance of expertise and representation among the 21 members,” said MSRB Chair Nathaniel Singer. “This allows the Board to continue to advance current initiatives with minimal disruption.”

The Board of Directors makes policy decisions, authorizes rulemaking, enhances market transparency systems and oversees operations of the MSRB. The MSRB Board consists of 11 independent members that are representative of the public, including investors, municipal entities and other non-MSRB regulated individuals. The Board also has 10 members that represent MSRB-regulated entities, including broker dealers, bank dealers and municipal advisors. 

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.