The Securities Industry and Financial Markets Association elected new members to its board of directors yesterday and re-elected two executives from regional firms with municipal bond businesses.

G. Douglas Edwards Jr., former president and chief executive officer of Morgan Keegan & Co. in Memphis, was appointed chairman-elect and Bernard Beal, CEO of M.R. Beal & Co. in New York, was appointed vice chairman through 2009. Both members were elected to their respective positions last year.

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