The Municipal Securities Rulemaking Board has announced the members of its fiscal year 2023 Compliance Advisory Group, the sixth consecutive year that members of the municipal market will be volunteering to provide compliance clarification and assistance for the board’s group.
“The Compliance Advisory Group plays a critical role in providing MSRB staff with valuable insight from market participants knowledgeable about the unique and often complex nature of the municipal securities market,” said MSRB board member Donna Simonetti, who will reprise her role as chair of the group for FY 2023. “We are proud to welcome a diverse group of individuals from across the industry who are willing to share their perspective and offer feedback on compliance resources and tools in furtherance of the MSRB’s goal to enhance understanding of and compliance with MSRB rules.”
Members of this year’s group include Elyse Andrews of Fiscal Advisors and Marketing, Kimberly Donovan of Siebert Williams Shank & Co., Alyssa Glaser of Baker Tilly, Richard Hartke of CINCAP Investment Group, Heidi Kalisch of Hilltop Securities, David Leslie of Bank of America, Mary McPike of Stifel, Nicolaus & Co., Heather Melzer of Robert Baird & Co., Emily Metzler of RSI Group, Joshua Spurlock of Wells Fargo Securities, Sydney Teixeira of Edward Jones, Karen Warren of Stern Brothers & Co. and Mary Wong of RBC Capital Markets.
The group will inform the MSRB’s compliance initiatives by “providing feedback on areas where compliance clarification and assistance may be warranted and on developed compliance resources and tools,” the MSRB said.
By region, the group includes six members from the Northeast, two from the Southeast, five from the Midwest, one from the Southwest and one from the West.
The upcoming year’s members are also from a number of different states, including one from Maryland, one from Massachusetts one from New Jersey, three from New York, one from Arkansas, one from North Carolina, one from Texas, one from Illinois, two from Missouri, one from Ohio one from Wisconsin and one from California.
When broken down into organization type, the group consists of six broker dealers/municipal advisors, four municipal advisors, four dealers and one bank dealer.
The group also highlighted its diversity in this year’s members, consisting of eleven women and four men, and also includes one African-American, one Asian-American and two from minority and women-owned businesses.
The announcement differs slightly from its FY 2022 announcement, namely that the members of the board’s Compliance Advisory Group and Municipal Fund Securities Advisory Group, which provides input on municipal market practices and education resources related to 529 savings plans and on the Achieving a Better Life Experience Act of 2014, were announced in the same breath.