The Board of Directors of the Municipal Securities Rulemaking Board (MSRB) announced that it's seeking qualified applicants to fill 7 positions on the Board beginning 10/1/12.  The MSRB, which regulates the $3.7 trillion municipal securities market, is governed by a Board of Directors, which makes policy decisions, approves rulemaking and market transparency initiatives and oversees MSRB operations. Composition of the Board. The 21-member Board represents the public as well as the regulated municipal dealer and municipal advisor industries.  Of the 7 positions to be filled, 4 individuals will represent the public, while 3 individuals will represent regulated entities.  Each one will serve a 3-year term. Applicants representing regulated entities must be affiliated with a broker-dealer, bank or municipal advisor registered with the MSRB.  Applicants representing the public must be independent members of the general public who are knowledgeable about the municipal securities market.  MSRB Rule A-3 on Board membership discusses the nomination and election process, including provisions about eligibility and requirements.  More information can also be found on the MSRB's website. Interested Applicants. To be considered for a Board position, an individual have until 3/1/12 to an application, which can be obtained from the MSRB Board of Directors Application Portal.  Sara Majroh, MSRB Board Administrator, who's available to answer your questions, may be contacted at:  (703) 797-6754, or smajroh@msrb.org. For further details, go to:  [MSRB News Release, 1/9/12]