SEC Names Deputy Directors in the Division of Trading and Markets

The Securities and Exchange Commission today announced that Gary Barnett and Gary Goldsholle have been named as deputy directors in the Division of Trading and Markets.

“I am pleased to announce these additions to our staff,” said Stephen Luparello, Director of the Division of Trading and Markets. “Each brings a wealth of experience that will help us execute our broad and important policy agenda.”

Mr. Barnett and Mr. Goldsholle succeed former deputy directors James Burns and John Ramsay who left the agency earlier this year.  Mr. Barnett will have responsibility for the Office of Broker-Dealer Finances and the Office of Derivatives Policy and Trading Practices.  Mr. Goldsholle will oversee the offices of the Chief Counsel, Clearance and Settlement, and Market Supervision. The Office of Analytics and Research, headed by Gregg Berman, will report to the Director. 

“I am delighted to be joining the SEC and to work with its talented staff on behalf of investors,” said Mr. Barnett, who has served since August 2011 as the director of the Division of Swap Dealer and Intermediary Oversight at the Commodity Futures Trading Commission (CFTC).  He helped to establish the division and was active in rulemaking to implement the swaps provisions of the Dodd-Frank Act and enhance customer protection rules for futures commission merchants.  Before joining the CFTC, he was a partner and head of the U.S. derivatives and structured finance group at the law firm Linklaters LLP in New York.  Prior to joining Linklaters in 2004, he was a partner and co-head of the securitization and derivatives practice at Shearman & Sterling LLP in New York.  A graduate of the University of Tulsa and the University of Tulsa College of Law, Mr. Barnett received his LL.M. from New York University School of Law in 1986.

Mr. Goldsholle said, “I am honored to take on this new role and to help advance the SEC’s mission.”  He joins the SEC from the Municipal Securities Rulemaking Board (MSRB), where he has been general counsel since 2012.  In that role, he led the development of rules for broker-dealers and a new regulatory regime for municipal advisors.  He also was the MSRB’s primary representative on policy and enforcement matters with officials at the Financial Industry Regulatory Authority (FINRA), the SEC, and the Treasury Department.  Prior to the MSRB, Mr. Goldsholle spent 15 years as vice president and associate general counsel at FINRA.  Before that, he was an attorney at the CFTC and in private practice.  He graduated with degrees in computer science and economics from Duke University in 1988 and received his law degree from the University of Chicago Law School in 1991.