The Municipal Securities Rulemaking Board (MSRB) has promoted Deputy General Counsel Lawrence Sandor to the new position of chief compliance officer, in which he will be responsible for managing the MSRB’s corporate governance, regulatory support, internal legal and compliance activities.

Sandor reports to  the MSRB’s new chief legal officer, Robert Fippinger, who joined the MSRB to oversee all legal and external affairs. Previously, Flippinger served on the MSRB board of directors and in private practice.

“Larry’s new, expanded role will more fully utilize his deep experience on compliance matters and support the continued maturation of the organization,” said MSRB Executive Director Lynnette Kelly. “In his six years at the MSRB, Larry has become the key point person on a number of important initiatives.”

Sandor joined the MSRB in 2008 and has held several positions, including associate general counsel and senior associate general counsel. As deputy general counsel, Sandor was responsible for the MSRB’s support of regulators that examine regulated entities for compliance with MSRB rules and enforce those rules, corporate governance, professional qualifications and internal legal matters.

He previously served as chief compliance officer of Wachovia Securities and Wachovia Securities Financial Network, and as general counsel of a regional broker-dealer.