MSRB Requests Recommendations for Board Nominations

Five Board Positions with Three-Year Terms Available October 1, 2010

ALEXANDRIA, Va., Jan. 27 /PRNewswire/ -- 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 [email protected] 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) was established in 1975 by Congress to protect investors and the public interest by promoting 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. The MSRB operates the Electronic Municipal Market Access (EMMA) website to promote transparency and widespread access to information, provides education and conducts extensive outreach as part of its mission-driven activities. The MSRB is composed of members from the municipal securities dealer community and the public, and is a self-regulatory organization subject to oversight by the Securities and Exchange Commission.

SOURCE Municipal Securities Rulemaking Board (MSRB)