ALEXANDRIA, Va.--(BUSINESS WIRE)--The Board of Directors of the Municipal Securities Rulemaking Board (MSRB) announced today it is seeking qualified applicants to fill seven positions on its Board of Directors beginning October 1, 2013. The MSRB, which regulates the $3.7 trillion municipal securities market, is governed by a Board of Directors which makes policy decisions, authorizes rulemaking and market transparency initiatives and oversees MSRB operations.
“Board members play a critical role in ensuring that the MSRB fulfills its mission to protect investors and municipal entities.”
Members of the 21-member Board represent the public as well as regulated municipal dealer and municipal advisor industries. The Board is seeking to appoint four individuals representing the public and three individuals representing regulated entities to serve three-year terms. Applicants representing regulated entities must be affiliated with a broker-dealer, bank or municipal advisor registered with the MSRB. Applicants representing the public must not be affiliated with brokers, dealers, municipal securities dealers or municipal advisors. MSRB Rule A-3 on Board membership discusses the nomination and election process, including provisions about eligibility and requirements.
“The Board of Directors selects individuals based on their knowledge, experience and ability to contribute to leadership of the MSRB,” said MSRB Chair Jay Goldstone. “Board members play a critical role in ensuring that the MSRB fulfills its mission to protect investors and municipal entities.”
Names of all applicants will be published on the MSRB’s website within one week of the announcement of the new Board members.
To be considered for a position on the MSRB Board of Directors, submit an application, which is available on the MSRB Board of Directors Application Portal, no later than March 1, 2013. For questions, contact Sara Majroh, Assistant Corporate Secretary and Board Administrator, Municipal Securities Rulemaking Board, 1900 Duke Street, Suite 600, Alexandria, VA, 22314-3412 or by phone (703) 797-6754 or email email@example.com.
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The Municipal Securities Rulemaking Board (MSRB) protects investors, issuers of municipal securities and entities whose credit stands behind municipal securities, and public pension plans by promoting a fair and efficient municipal market. The MSRB fulfills this mission by regulating securities firms, banks and municipal advisors that engage in municipal securities and advisory activities. To further protect market participants, the MSRB promotes disclosure and market transparency through its Electronic Municipal Market Access (EMMA) website, provides education and conducts extensive outreach. The MSRB has operated under Congressional mandate with oversight by the Securities and Exchange Commission since 1975.