Brian Bussey '95 Named SEC's New Associate Director for Derivatives Policy and Trading Practices

The Securities and Exchange Commission has named Brian Bussey, '95, as the new Associate Director for Derivatives Policy and Trading Practices in the Division of Trading and Markets.

The Office of Derivatives Policy and Trading Practices is at the forefront of the Division’s efforts to implement the derivatives provisions of the Dodd-Frank Act, and administers the Regulation SHO and other rules related to short selling and market manipulation.

The Office regulates the Division’s efforts to provide legal and policy expertise to the Division of Enforcement in enforcement matters pertaining to market regulation and oversight. The Office of Derivatives Policy and Trading Practices is the successor to the Division’s Office of Trading Practices and Processing.

During his tenure as head of the Office of Trading Practices and Processing, Mr. Bussey led the Division’s effort to establish an Office of Derivatives Policy and to expand the clearance and settlement program. As a result of the growth of the clearance and settlement program and its responsibilities, the Division recently announced the appointment of an Associate Director for Clearance and Settlement.

“Brian played a transformative role during his tenure as Associate Director for Trading Practices and Processing through his leadership, vision, creativity, and drive,” said Robert Cook, Director of the SEC’s Division of Trading and Markets.

“His ability to identify and recruit talent and build teams has resulted in a new derivatives policy program and a revitalized and significantly expanded clearance and settlement program within the Division.”

Mr. Bussey said, “I look forward to facing new challenges with the talented and dedicated team of attorneys in the Office of Derivatives Policy and Trading Practices.”

Mr. Bussey was the Associate Director for Trading Practices and Processing in the Division of Trading and Markets in September 2009, and was Assistant Chief Counsel in the Division from 2003 to 2009.

From 2001 to 2003, he served as counsel to former SEC chairmen William Donaldson and Harvey Pitt and former Acting Chairman Laura Unger.

He came to the SEC in 1998, first working as Senior Counsel in the Office of General Counsel and then as Special Counsel in the Office of Chief Counsel in the Division of Trading and Markets.

Prior to joining the SEC staff, Mr. Bussey was a corporate associate at Kirkland & Ellis in Chicago. Mr. Bussey began his legal career in 1995 as a law clerk to Judge E. Grady Jolly, U.S. Court of Appeals for the Fifth Circuit.

Mr. Bussey received his JD with high honors from the University of Chicago Law School, and was awarded Order of the Coif. He received his BA, cum laude, from Pomona College, where he was elected to Phi Beta Kappa.