Regulation

SEC names head of division of trading and markets

Brett Redfearn was named director of the division of trading and markets, the Securities and Exchange Commission said Wednesday.

Heather Seidel has served as acting division director since December 2016. The division oversees the major securities market participants, including broker-dealers, stock exchanges, the Financial Industry Regulatory Authority, the Municipal Securities Rulemaking Board, clearing agencies, alternative trading systems and transfer agents.

Mr. Redfearn was global head of market structure for J.P. Morgan's corporate and investment bank. He started his career at the American Stock Exchange and has also served on the boards of Bats Global Markets, the Chicago Stock Exchange, BIDS Trading and the National Organization of Investment Professionals.

"Brett's extensive markets experience and his longstanding, active engagement with investors, financial services firms, exchanges and the SEC make him exceptionally well positioned to lead the division of trading and markets," SEC Chairman Jay Clayton said in a statement. "I know he will continuously ask the question, 'are our markets best serving the long-term interests of the investing public?'"