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


Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today began its 2015 fiscal year and seated the 21-member Board of Directors that establishes regulatory policies and oversees the operations of the MSRB.

The Board includes seven new members as well as new officers. Kym Arnone, who joined the Board in 2012, is the new Chair of the MSRB Board of Directors. Marcy Edwards, who also joined the Board in 2012, is Vice Chair.

The MSRB Board of Directors has 11 independent public members and 10 members from firms regulated by the MSRB, including broker-dealers, banks and municipal advisors. In order to provide consistency of policy, seven individuals join the Board each year and seven others complete their three-year terms.

Four standing committees—Audit, Finance, Nominating and Governance, and Steering—perform work at the direction of the Board, with responsibilities defined by their charters. MSRB Board members serve on one or more committees.

MSRB Board of Directors, FY 2015 and Committee Assignments

Steve Apfelbacher*, Audit

Kym S. Arnone, Steering

Robert P. Cochran, Finance

Marianne F. EdmondsNominating and Governance

Marcy Edwards, Nominating and Governance, and Steering

Richard K. Ellis, Nominating and Governance

Robert Fippinger*, Nominating and Governance, and Steering

Richard Froehlich*, Finance 

Gary Hall*, Audit

W. Bartley Hildreth, Audit

Lucy Hooper*, Nominating and Governance

Arthur Miller*, Nominating and Governance

Lakshmi KommiNominating and Governance

James D. McKinneyFinance 

Craig A. NobleNominating and Governance, and Steering

Christopher M. RyonNominating and Governance

Rita Sallis*, Finance 

Nathaniel Singer, Finance   and Steering

Robin L. Wiessmann, Audit and Steering

Colleen Woodell, Audit , Nominating and Governance, and Steering

Brian L. WynneNominating and Governance, and Steering (non-voting member)

* denotes Board member whose term begins October 1, 2014

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.