Municipal Securities Rulemaking Board plans investor advisory group

By Alyssa Stahr

Chicago, Sept. 17 – The Municipal Securities Rulemaking Board (MSRB) will establish an investor advisory group to provide the MSRB’s board of directors with additional expertise on municipal market practices, transparency and investor protection issues, according to a Thursday press release.

“The creation of an investor advisory group will provide the board of directors with a formal mechanism for accessing the expertise of active municipal investors. We are satisfied that the creation of the advisory group will address our current concerns and provide an excellent way for us to access the knowledge of experienced municipal securities investors,” MSRB board chair Kym Arnone said in the release.

Previously the MSRB had requested comment on a proposal to allow the one public member of the board to represent institutional or retail investors but it has now decided not to change the standard of independence for this board member.

The MSRB is an Alexandria, Va.-based company whose mission is to protect investors, municipal entities and the public interest by promoting a fair and efficient municipal market, regulating firms that engage in municipal securities and advisory activities, and promoting market transparency.

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