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


MUNICIPAL SECURITIES RULEMAKING BOARD NAMES
DEPUTY GENERAL COUNSEL AND PROMOTES STAFF ATTORNEY

Alexandria, VA - The Municipal Securities Rulemaking Board (MSRB) today announced two key promotions in its legal department.  Peg Henry has been named Deputy General Counsel, taking a leading role in MSRB rulemaking activities, and Lawrence Sandor has been named Senior Associate General Counsel, overseeing  the MSRB's 529 college savings plan regulatory efforts and continuing his work on Board governance and compliance matters.  Both attorneys joined the MSRB late in 2008.

"In a very short time Peg and Larry have distinguished themselves as skilled attorneys with the knowledge and experience necessary to fulfill the MSRB's investor protection mission," said MSRB General Counsel Ernesto Lanza.  "Our rulemaking activities are informed and enhanced by their contributions."

Ms. Henry has 28 years of legal experience working in the municipal bond industry.  She joined MSRB from UBS Securities LLC in New York where she was Director and Senior Attorney representing the firm's Municipal Securities Group.  Prior to UBS, Ms. Henry was a partner at Winston & Strawn where she was tax counsel and underwriter's counsel.  Before that, she worked for the Securities Exchange Commission's Office of Municipal Securities and was tax counsel to New York City's Office of Management and Budget.  Ms. Henry received her bachelor's degree from Georgetown University and law degrees from George Washington University.

Mr. Sandor joined the MSRB after serving as Chief Compliance Officer of Wachovia Securities LLC in Richmond, VA and has extensive experience with broker-dealer supervisory and compliance processes.  Earlier, he served in various compliance-related roles at Wachovia and has also worked in private practice advising financial services firms on securities regulation. Mr. Sandor received his bachelor's degree from Boston University with honors and his law degree from Emory University School of Law.


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.