MSRB Provides Resources on Market Indices
MSRB Names General Counsel
The MSRB recently announced the addition of a key staff member. Gary L. Goldsholle will be joining the MSRB as General Counsel on October 22, 2012. Mr. Goldsholle will oversee the legal activities of the MSRB, including market regulation, professional qualifications, enforcement support and corporate governance. Prior to joining the MSRB, Mr. Goldsholle was vice president and associate general counsel for the Financial Industry Regulatory Authority (FINRA), where he was responsible for regulatory policy and rule development. Mr. Goldsholle also worked in the Office of the Chief Counsel, Division of Trading and Markets at the Commodity Futures Trading Commission. He began his legal career as an associate at Steptoe & Johnson.
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Percentage of Issuance of Taxable Securities Increases in Third Quarter of 2012
Taxable securities accounted for approximately
9.5 percent, or $11 billion, of the nearly $120 billion of municipal securities issued in the third
quarter of 2012, the highest amount since the fourth quarter of 2010. Compared
to previous quarters, issuance of taxable securities accounted for 6.9 and 5.6
percent in the first two quarters of 2012, and 7.1 percent in third quarter of
2011. Meanwhile, trading of taxable securities has remained relatively stable, accounting
for 8.9, 8.3 and 8.7 percent of all trading in first three quarters of 2012.
For new issuance and more information on municipal trading
activity, continuing disclosures or variable rate resets, visit the MSRB’s EMMA website.
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