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

MSRB FILES SERIES 52 PROGRAM REVISIONS WITH THE SEC

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today announced that it has filed with the Securities and Exchange Commission (SEC) a proposal to expand its qualifying examination for municipal securities representatives and change the associated study outline. If approved by the SEC, the changes are effective January 3, 2011.

The MSRB’s Series 52 exam qualifies municipal professionals to engage in the full complement of municipal securities activities as municipal securities representatives. The MSRB’s proposed changes increase the length of the Series 52 exam and revise the study outline to add product detail, eliminate redundancies and update terms used in the outline.

Read the full MSRB notice detailing the changes and access the revised outline.

The Municipal Securities Rulemaking Board (MSRB) protects and strengthens the municipal bond market, enabling access to capital, economic growth, and societal progress in tens of thousands of communities across the country. The MSRB fulfills this mission by creating trust in our market through informed regulation of dealers and municipal advisors that protects investors, issuers and the public interest; building technology systems that power our market and provide transparency for issuers, institutions, and the investing public; and serving as the steward of market data that empowers better decisions and fuels innovation for the future. The MSRB is a self-regulatory organization governed by a 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.

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