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


MSRB REQUESTS RECOMMENDATIONS FOR BOARD NOMINATIONS
Five Board Positions with Three-Year Terms Available October 1, 2010

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) is seeking qualified candidates to be considered for future Board positions. Five positions, each with a three-year term, will be available on October 1, 2010.

The MSRB is a self-regulatory organization whose mission is to protect investors and the public interest by ensuring a fair and efficient municipal securities market. To accomplish this mission, the MSRB regulates securities firms and banks that underwrite, trade and sell municipal securities, and collects and disseminates market information and trade data. The MSRB was established by Congress in 1975 and is subject to oversight by the Securities and Exchange Commission.

The MSRB Board consists of 15 members.  Five members are public and independent of the industry, and 10 members are industry representatives from securities firms and bank municipal bond dealers. The MSRB is seeking qualified candidates in the public/independent and industry categories.

Nominations can be made by submitting a candidate recommendation form, which is available here or by calling (703) 797-6754.  Recommendations should be submitted no later than March 15, 2010 via email to smajroh@msrb.org or by mail to:  Stanley Grayson, Chair, Nominating Committee, Municipal Securities Rulemaking Board, 1900 Duke Street, Suite 600 Alexandria, VA  22314-3412

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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