John McCarthy Named Associate Director for Market Oversight, Office of Compliance Inspections and Examinations

Securities and Exchange
Commission Director of the Office of Compliance Inspections and
Examinations, Lori Richards, today announced that John McCarthy
has been appointed as Associate Director for Market Oversight, a
newly-created senior management position that will oversee the
equities and options markets’ trading, disciplinary and
surveillance programs.  In this position, Mr. McCarthy will,
among other things, spearhead the SEC’s oversight of the markets’
compliance with the Order Handling Rules, best execution
responsibilities, and oversee new trading systems and electronic
communications networks.

     SEC Chairman Levitt said, “John has been an outstanding
leader and has made significant contributions to the Commission’s
regulatory programs.  I am very pleased that he will rejoin the
SEC as an important member of our senior staff team.”

     Lori Richards, Director of OCIE, said, “Having worked with
John in the past, I am delighted to have been able to convince
him to return to the SEC to fill this new senior management
position.  John has made tremendous contributions to the
oversight of our markets, and I am glad that he and Mary Ann
Gadziala will be leading our oversight efforts in the future.”

     Mr. McCarthy, formerly Chief Regulatory Officer of Knight
Securities, L.P., had previously served as Assistant Director of
OCIE, and in other positions with the SEC.  Mr. McCarthy served
as Judicial Law Clerk at the Court of Special Appeals of
Maryland, and received a B.S. from the University of Michigan, a
M.Sc. in Finance from the London School of Economics and a J.D.
with honors from the University of Maryland School of Law.