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

MSRB ISSUES STATEMENT ON NOMINATION OF SEC CHAIR

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) said today it welcomes President Obama’s nomination of Mary Jo White to lead the Securities and Exchange Commission (SEC).

“The MSRB looks forward to working closely with Ms. White to ensure the fair and efficient operation of the municipal securities market,” said MSRB Chair Jay Goldstone. “Her expertise and reputation as a strong enforcer of federal securities laws aligns well with the MSRB’s mission to protect municipal securities investors and state and local governments.”

The MSRB also said it will continue to work alongside SEC Commissioner Elisse Walter, who has been serving as interim SEC chairman and has demonstrated a commitment to promoting dialogue on the regulation of the municipal market throughout her service on the Commission. “Commissioner Walter will continue to be a leader in the ongoing effort to improve disclosure practices in the municipal securities market,” Goldstone said.

The Municipal Securities Rulemaking Board (MSRB) was established by Congress in 1975 with the mission to protect investors, issuers and the public interest and to promote efficiency, competition and capital formation. MSRB is a private, self-regulatory organization governed by an independent board of directors with market knowledge and expertise. MSRB does not receive federal appropriations and is funded primarily through fees paid by regulated entities. MSRB is overseen by Congress and the Securities and Exchange Commission.

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