MSRB unveils discussion topics for quarterly board meeting, welcomes new CFO

BY SourceMedia | MUNICIPAL | 01/22/26 12:35 PM EST By Kathie O'Donnell

The Municipal Securities Rulemaking Board on Wednesday announced discussion topics for its second quarterly meeting of fiscal year 2026 ? including discussion of a rule relating to gifts and gratuities ? and also said that Yetunde Olumide has joined the MSRB as its chief financial officer.

Prior to joining the MSRB, Olumide served as CFO and executive vice president for the Washington Metropolitan Area Transit Authority, the MSRB said in a press release Wednesday.

"Yetunde brings tremendous talent and municipal market experience as an issuer to her new role as our CFO, and I am delighted to welcome her to the senior leadership team," MSRB CEO Mark Kim said in the release.

Regulatory topics on deck for discussion at board's quarterly meeting, which will be held Jan. 28 and Jan. 29, will include discussion of MSRB Rule G-20, which relates to gifts and gratuities, "as part of harmonization initiatives with FINRA rulemaking," the MSRB's release said.

Also among market regulation topics slated for discussion are updates on retrospective rule review initiatives, "including current and future steps for dealer supervision, Form G-32 and municipal advisor reviews and outreach," the release said.

Also on the leadership front, the MSRB announced that Bo Daniels, the board's former chair, has been reappointed to the board for the remainder of the fiscal year ending Sept. 30.

"Daniels fills the vacancy created by the departure of Vivian Altman, who was serving as a broker-dealer representative on the board," the release said.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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