MSRB and RBDA To Host Municipal Securities Seminar

Date: April 20, 2009

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

Regulation, Transparency and Public Policy are Among Topics at May 13 Meeting

Alexandria, VA -The Municipal Securities Rulemaking Board (MSRB) and the Regional Bond Dealers Association (RBDA) are pleased to announce they will hold a municipal securities seminar on Wednesday, May 13, 2009 from 2:00 p.m. to 5:00 p.m. at the Madison Hotel, 79 Madison Avenue, Memphis, Tennessee.  A cocktail reception will immediately follow the meeting. 

This seminar will provide a sharp focus on the municipal securities market, covering such crucial areas as market regulation, MSRB's transparency initiatives, market conditions and policy trends. It is also a unique opportunity to meet with MSRB and RBDA representatives in an informal setting.  The seminar is open to all members of the municipal securities community, including professionals at broker dealers and asset managers, municipal financial advisors, issuers and bond counsel.

"The MSRB is pleased to work with the RBDA to keep market participants informed about new and existing regulations at a time when compliance is vital to the dealer community," said MSRB Executive Director Lynnette Kelly Hotchkiss.

Mike Nicholas, Co-CEO of the Regional Bond Dealers Association, said,  "In addition to discussions of the most pressing regulatory and compliance matters, the RBDA is happy to work with the MSRB on sessions addressing public policy and business matters directly impacting the municipal bond market."

The panels will address regulatory issues in the municipal marketplace, MSRB transparency initiatives including its Electronic Municipal Market Access (EMMA) system and its Short-Term Obligation Rate Transparency (SHORT) system, public policy issues and current market conditions.

There is no charge for attending; however, pre-registration is required.  To register for the conference, please visit the RBDA website

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.