WASHINGTON - The Securities and Exchange Commission has named former Municipal Securities Rulemaking Board general counsel Gary Goldsholle to become deputy director of its trading and markets division beginning next year.
Goldsholle will oversee the offices of the chief counsel, clearance and settlement, and market supervision.
He and another new SEC hire -- Gary Barnett, the director of the division of swap dealer and intermediary oversight at the Commodity Futures Trading Commission -- will succeed former deputy directors James Burns and John Ramsay who left the agency earlier this year.
"I am pleased to announce these additions to our staff," said Stephen Luparello, director of the trading and markets division. "Each brings a wealth of experience that will help us execute our broad and important policy agenda."
"I am honored to take on this new role and to help advance the SEC's mission," Goldsholle said.
Goldsholle announced his decision to leave the MSRB in October, almost exactly two years after taking that post in October 2012. Before joining the board, he had been at the Financial Industry Regulatory Authority for more than a decade, serving most recently as vice president and associate general counsel. Prior to FINRA, he worked in the office of the chief counsel in the trading and markets division of the Commodity Futures Trading Commission.
The MSRB launched the search for a new general counsel soon after Goldsholle announced he would leave, but has not yet announced a successor. The board is seeking a lawyer with 20 or more years of experience at a law firm, corporate legal department, or federal regulator, including at least eight in the securities industry, according to criteria sent out by a firm handling the search.
