Contact: Jennifer A. Galloway, Chief Communications Officer
MSRB ANNOUNCES 2016 MOVE TO WASHINGTON, D.C.
Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today announced that it has signed an agreement to move its office operations to Washington, D.C. when its current lease expires in 2016. The MSRB, which regulates the municipal securities market, will lease space in the Franklin Square office building at 1300 I Street, NW in the District. The MSRB’s offices are currently housed at 1900 Duke Street in Alexandria, VA.
“The end of our current lease was an opportunity to consider multiple options for the future location of our organization,” said MSRB Executive Director Lynnette Kelly. “After conducting an extensive search in Virginia and the District, we are extremely pleased to have found a space that better positions us to collaborate with our stakeholders as we continue to fulfill our mission to protect investors and municipal entities.”
The MSRB was created by Congress in 1975 to regulate financial professionals that underwrite and trade municipal bonds. In 2010, Congress expanded the MSRB’s oversight responsibilities by directing it to develop regulations for those professionals that provide advice to state and local governments and other municipal entities about municipal securities.
The MSRB’s regulatory responsibilities are overseen by the Securities and Exchange Commission, and the organization coordinates closely with other financial regulators in Washington such as the Financial Industry Regulatory Authority, the Federal Reserve, the U.S. Department of the Treasury, the Federal Deposit Insurance Corporation, the Office of Comptroller of the Currency and the Internal Revenue Service, among others. The MSRB also serves as an objective source of expert information for policymakers, provides education and conducts outreach on the $3.7 trillion municipal securities market.
The MSRB has been located in Alexandria since 2001 and earlier was based in Washington, D.C. The organization will mark 40 years of regulating the municipal market in 2015.