John Ramsay, a former federal regulatory and industry lawyer with broad experience in the municipal and other financial markets, plans to return to the Securities and Exchange Commission on Sept. 20, this time as a deputy director in the markets and trading division.
Ramsay previously served at the SEC between 1989 and 1994 as deputy chief counsel for the market regulation division, the predecessor to trading and markets, and as counsel to then-commissioner Mary L. Schapiro, who now chairs the SEC.
In his new post, Ramsay will play a key role in the SEC's implementation of provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and will focus particularly on broker-dealer financial responsibility and clearance and settlement, the SEC said Monday in announcing his appointment. He will join the division's other deputy director, James Brigagliano, who has served in the post since March 2009.
"John's broad experience in the securities markets and regulatory agencies will be a tremendous asset as we implement regulatory reform and work to enhance investor protection," said Robert Cook, the division's director.
Ramsay most recently has been a senior consultant at Regulatory Fundamentals Group LLC in New York City. Before that, from 2003 to 2008, he was managing director and deputy general counsel at Citigroup Global Markets Inc.
Before joining Citi, he was a senior vice president at The Bond Market Association, working on many legal and regulatory issues for the group, including transaction reporting, pricing and emergency planning in the municipal market.
From 1999 to 2001, he was a partner at Morgan Lewis & Bockius. During the three years before that, he was vice president and deputy general counsel of the regulatory arm of the NASD, which has since merged with the New York Stock Exchange's regulatory operations and become the Financial Industry Regulatory Authority. Before joining NASD, he was director of the office of legislative and intergovernmental affairs at the Commodity Futures Trading Commission.
Ramsay received his law degree from the University of Michigan in 1985 and graduated summa cum laude with a bachelor's degree from the University of Texas in Austin in 1981.