The U.S. Securities and Exchange Commission said on Monday it has named John Ramsay as acting director of the regulator's Division of Trading and Markets. Ramsay, who had served as a deputy director of the division, overseeing broker-dealer financial responsibility, risk oversight, and clearance and settlement functions, replaces Robert Cook, who said on Wednesday he planned to step down. The SEC is making the final push on a raft of rules required by the 2010 Dodd-Frank financial reform law, while also working on initiatives like money market fund reform and looking into questionable tactics and practices related to computerized trading. Ramsay has been a key player in the advancement of the Dodd-Frank rules since September 2010. The Division of Trading and Markets oversees securities exchanges and markets, broker-dealers, clearing agencies, derivatives, and FINRA, the Financial Industry Regulatory Authority. Apart from two stints at the SEC, Ramsay
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