SEC appoints new director for clearance and settlement
17 December 2018 Washington DC
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The Securities and Exchange Commission (SEC) has appointed Jeffrey Mooney as associate director of the office of clearance and settlement in the agency’s division of trading and markets.
The office of clearance and settlement is responsible for developing and administering SEC’s regulatory programme for the national system of clearance and settlement of securities transactions.
The office oversees systemically important financial market utilities and security-based swap clearing activity.
Mooney joined the SEC staff in 1996 and has served in a variety of roles, most recently as assistant director for the office of clearance and settlement.
Mooney served as a senior special counsel in the division from 2000 to 2009 and participated in an interagency effort to develop provisions of the Dodd-Frank Act.
In 1998, he served as counsel to SEC chairman Arthur Levitt on matters related to market regulation, enforcement and compliance, and from 1996 to 2000 he was a special counsel in the division with responsibility for reviewing proposed rule changes submitted by registered clearing agencies.
Before joining the SEC, Mooney served in the office of general counsel at the National Credit Union Administration and in the office of thrift supervision at the US Department of the Treasury.
Jay Clayton, chairman at SEC, said “I am thrilled that Jeffrey Mooney, a veteran of our agency, has been selected to lead the dedicated staff in the office of clearance and settlement. Our markets and investors will be well served by Jeff’s more than two decades of public service—including 22 years at the SEC—and his deep experience on a broad range of clearance and settlement matters.”
Brett Redfearn, director of the division of trading and markets, commented: “Jeffrey Mooney’s extensive experience and knowledge makes him extremely well suited for his new position.”
He added: “I am confident that he will be an important leader in our ongoing efforts to oversee our nation’s system of clearance and settlement and to serve the long-term interests of main street investors.”
Commenting on his new role, Mooney said: “I am excited and honoured to be provided with this opportunity and responsibility.”
“Over the course of my career, I have worked alongside extremely talented individuals and fully appreciate the important work that is being done by the staff in the office of clearance and settlement, the division of trading and markets, and across the commission.”
The office of clearance and settlement is responsible for developing and administering SEC’s regulatory programme for the national system of clearance and settlement of securities transactions.
The office oversees systemically important financial market utilities and security-based swap clearing activity.
Mooney joined the SEC staff in 1996 and has served in a variety of roles, most recently as assistant director for the office of clearance and settlement.
Mooney served as a senior special counsel in the division from 2000 to 2009 and participated in an interagency effort to develop provisions of the Dodd-Frank Act.
In 1998, he served as counsel to SEC chairman Arthur Levitt on matters related to market regulation, enforcement and compliance, and from 1996 to 2000 he was a special counsel in the division with responsibility for reviewing proposed rule changes submitted by registered clearing agencies.
Before joining the SEC, Mooney served in the office of general counsel at the National Credit Union Administration and in the office of thrift supervision at the US Department of the Treasury.
Jay Clayton, chairman at SEC, said “I am thrilled that Jeffrey Mooney, a veteran of our agency, has been selected to lead the dedicated staff in the office of clearance and settlement. Our markets and investors will be well served by Jeff’s more than two decades of public service—including 22 years at the SEC—and his deep experience on a broad range of clearance and settlement matters.”
Brett Redfearn, director of the division of trading and markets, commented: “Jeffrey Mooney’s extensive experience and knowledge makes him extremely well suited for his new position.”
He added: “I am confident that he will be an important leader in our ongoing efforts to oversee our nation’s system of clearance and settlement and to serve the long-term interests of main street investors.”
Commenting on his new role, Mooney said: “I am excited and honoured to be provided with this opportunity and responsibility.”
“Over the course of my career, I have worked alongside extremely talented individuals and fully appreciate the important work that is being done by the staff in the office of clearance and settlement, the division of trading and markets, and across the commission.”
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