SEC Chairman Elisse B. Walter has named John Ramsay 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.
Since September 2010, Mr. Ramsay has served as a Deputy Director for the Division and is responsible for broker-dealer financial responsibility, risk oversight, and clearance and settlement functions.
The Division of Trading and Markets establishes and maintains standards for fair, orderly, and efficient markets.
In related news, SEC Chairman Elisse B. Walter named Lona Nallengara Acting Director of the Division of Corporation Finance. He will replace Meredith B. Cross when she leaves the SEC at the end of the year.
Mr. Nallengara has served as Deputy Director for Legal and Regulatory Policy of the Division since March 2011.
The Division of Corporation Finance oversees the disclosures made to investors by more than 9,000 public issuers.