Lynnette Kelly

Executive Director

Lynnette Kelly has been the Executive Director of the Municipal Securities Rulemaking Board (MSRB) since June 2007.� Ms. Kelly leads the day-to-day management of the MSRB, a self-regulatory organization whose mission is to protect investors, municipal entities, and ensure a fair and efficient municipal securities market.� It does so by developing rules for municipal advisors who advise on issuance, securities firms and banks that underwrite, trade and sell municipal bonds, and by operating information systems, including the Electronic Municipal Market Access (EMMA) system, designed to promote transparency and investor access to information.� The MSRB also serves as an objective and expert resource and repository of municipal market information.Previously, Ms. Kelly was a managing director and associate general counsel at�the Securities Industry and Financial Markets Association (SIFMA) (formerly The Bond Market Association), where she helped develop and implement legal, regulatory and best market practices in the fixed income markets, with a focus on municipal finance.�From 1990 to 1993, Ms. Kelly served as general counsel for the Municipal Assistance Corporation for the City of New York, and has worked at several law firms in New York City in all areas of municipal finance.�She graduated from the University of Nebraska in 1981 and from Tulane University School of Law in 1984.