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Division of Trading And Markets Acting Director John Ramsay to Leave SEC 02/20/2014 03:43 PM EST The Securities and Exchange Commission today announced that John Ramsay, acting director of the Division of Trading and Markets, will leave the agency next month after three and a half years of leadership and service. Mr. Ramsay, who was appointed deputy director of the division in September 2010 and has served as acting director since December 2012, plans to return to the private sector. The SEC separately today named Stephen Luparello as the division’s director. Mr. Ramsay has led numerous significant rulemaking initiatives, including the adoption of the Volcker Rule and rules to implement the derivatives reform provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  He also has led the division’s response to significant market events, its participation in global regulatory initiatives, and its development and implementation of analytical tools for market

Dissenting Statement Regarding Adoption of Interim Final Rule Regarding Certain CDOs Backed by TruPS as a "Companion Rule" to the Volcker Rule Commissioner Michael S. Piwowar Jan. 14, 2014 It took only days for my concerns about the so-called Volcker Rule to be confirmed.  The public has already identified two serious flaws in the final rule, both related to a change in the definition of “ownership interest” from the proposal.  Those flaws are the result of a needlessly rushed rulemaking process and the agencies’ unwillingness to perform a reasoned analysis to understand the potential impacts of the many changes in the final rule.  The speed with which these concerns were brought to our attention suggests that if the rule had been reproposed we could have avoided the current need to develop expedited fixes.  Instead of adopting a “companion rule” to resolve our error with respect to the TruPS issue, we should immediately rescind and