MSRB Asks SEC to Approve Expansion
|
Friday, August 27, 2010 |
|
|||||||||||
Print
Email
ReprintsWASHINGTON - The Municipal Securities Rulemaking Board has asked the Securities and Exchange Commission to allow it to expand the number of board members from 15 to 21 for its new fiscal year, which begins Oct. 1.
Eleven of the new members will be public or independent from securities or bank dealer firms.
The proposed composition of the board complies with a requirement of the financial regulatory reform law that the MSRB be a majority public board.
