SEC

The Securities and Exchange Commission today announced that Pamela A. Gibbs has been named as the inaugural Director of the Office of Minority and Women Inclusion, which oversees diversity in the agency’s employment, management, and business activities.

The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) continue to issue regulations implementing the OTC derivatives provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). In a Q&A, Robin Powers of the Rimon Law Group discusses Title VII of Dodd-Frank and its impact on margin/collateral posed by End-Users. 

The Securities and Exchange Commission today voted to adopt two sets of new rules designed to help revitalize the important asset-backed securities (ABS) market by encouraging better disclosure for investors.

The Commodity Futures Trading Commission and the Securities and Exchange Commission delivered to Congress a report on international swap regulation, as required by Section 719(c) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The provision requires the Commissions to report on how swaps are regulated in the United States, Asia, and Europe and to identify areas of regulation that are similar and other areas of regulation that could be harmonized.

The Securities and Exchange Commission today announced the appointment of Michael E. Garrity to lead the examination program in its Boston Regional Office.

Mr. Garrity, who immediately begins in his new position as Associate Regional Director for Examinations, will direct a staff of 60 accountants, examiners, attorneys and support staff responsible for the examination of broker-dealers, investment companies, investment advisers, and transfer agents in the six New England states.

Leaders and senior representatives of the authorities responsible for the regulation of the over-the-counter (OTC) derivatives markets in Canada, the European Union, Hong Kong, Japan, Singapore and the United States met yesterday in Paris.

The Securities and Exchange Commission today announced that Daniel M. Gallagher has been sworn into office as an SEC Commissioner.

Commissioner Gallagher was administered the oath of federal office on Friday evening by U.S. District Judge J. Frederick Motz, and officially assumed his Commissioner role at the SEC today.

The Commodity Futures Trading Commission and Securities and Exchange Commission today made the following joint statement:

The Securities and Exchange Commission today announced that Peter J. Curley has been named Associate Director for Clearance and Settlement in the SEC’s Division of Trading and Markets.

The Securities and Exchange Commission today announced that Brian A. Bussey has been named Associate Director for Derivatives Policy and Trading Practices in the Division of Trading and Markets.