John Ramsay Named Acting Director of SEC’s Division of Trading and Markets (with Lofchie Comment)

SEC Chairman Elisse Walter named John Ramsay as Acting Director of the Division of Trading and Markets. He will replace Robert Cook, who announced that he plans to step down after a short transition period.

Lofchie Comment: While it is a loss for the SEC to have Robert Cook leave government work to go back to the private sector, I think the SEC is doing well to be able to replace Robert with another attorney who has extensive and varied experience, not only at the SEC, but also at FINRA, at a sell-side institution, and in private practice. Given the pace of change in the financial sector, it is a real positive for regulatory efforts to be led by a person such as Mr. Ramsay, who has practical experience in overseeing the implementation of new developments in both the government and the financial industry.

Click here to view press release in full (links externally to SEC website).