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

MSRB NAMES LAWRENCE SANDOR CHIEF COMPLIANCE OFFICER

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) announced today that it has promoted Deputy General Counsel Lawrence Sandor to the new position of Chief Compliance Officer, where he will be responsible for managing the MSRB’s corporate governance, regulatory support, internal legal and compliance activities.

“Larry’s new, expanded role will more fully utilize his deep experience on compliance matters and support the continued maturation of the organization,” said MSRB Executive Director Lynnette Kelly. “In his six years at the MSRB, Larry has become the key point person on a number of important initiatives. Our market regulation team will continue to benefit from his knowledge and leadership.”

Sandor joined the MSRB in December 2008 and has held several positions including Associate General Counsel and Senior Associate General Counsel. As Deputy General Counsel, Sandor was responsible for the MSRB’s support of regulators that examine regulated entities for compliance with MSRB rules and enforce those rules, corporate governance, professional qualifications and internal legal matters. He previously served as Chief Compliance Officer of Wachovia Securities and Wachovia Securities Financial Network, and as General Counsel of a regional broker-dealer. He represented large and small financial institutions as Counsel at the law firm of Dickstein, Shapiro, Morin & Oshinsky LLP, and as an Associate Attorney at McGuire Woods LLP in Washington, D.C.  He graduated from Boston University School of Management and Emory University School of Law.

Sandor and General Counsel-Regulatory Affairs Michael L. Post report to the MSRB’s new Chief Legal Officer, Robert Fippinger. Fippinger, one of the country’s preeminent municipal securities attorneys, joined the MSRB to oversee all MSRB legal and external affairs after serving on the MSRB Board of Directors and in private practice.

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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