MSRB NOTICE 2011-05 (JANUARY 18, 2011)


The Municipal Securities Rulemaking Board is seeking qualified candidates to be considered for Board of Director positions available October 1, 2011. The MSRB is seeking to fill five Board positions—three representing regulated entities and two representing the public—that will serve three-year terms. Names of all applicants will be published on the MSRB’s website within one week of the selection of the new Board members in August 2011.

About the MSRB

The MSRB is a self-regulatory organization whose mission is to protect investors, state and local government issuers, public pension plans and others whose credit stands behind municipal bonds. The MSRB fulfills this mission by regulating broker-dealers, banks and municipal advisors that engage in municipal securities and municipal advisory activities. To further protect market participants, the MSRB promotes disclosure and market transparency through its Electronic Municipal Market Access (EMMA) website, provides education and conducts outreach. The MSRB was established by Congress in 1975 and is subject to oversight by the Securities and Exchange Commission.

Board Composition

The MSRB Board of Directors consists of 21 members. Eleven members are public and independent of the industry, and 10 members are representatives of MSRB-regulated broker-dealers, banks and municipal advisors. Applicants representing the public may be any independent member of the general public who is knowledgeable about the municipal securities market. The MSRB is seeking qualified candidates in both the public/independent and industry categories.

Procedure for Applications  

1. All interested candidates are required to submit an application, available electronically here or by calling (703) 797-6754.

2. Applications are due no later than March 1, 2011. Applications may be emailed to or mailed to:

Sara Majroh
Board Administrator
Municipal Securities Rulemaking Board
1900 Duke Street, Suite 600
Alexandria, VA 22314-3412

January 18, 2011