BATS Appoints General Counsel To Handle Exchange Application.Eric Swanson, Former SEC Lawyer, Will Be Based in NYC NYC abbr. New York City NYC New York City KANSAS CITY Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , Mo. -- BATS Trading Inc. hired Eric Swanson as general counsel and said that his primary initial responsibilities will be working with the Securities and Exchange Commission as BATS seeks SEC approval of its exchange application. Mr. Swanson has a significant history with the SEC, having served at the Commission from 1996-2006 and rising to the title of Assistant Director in the Office of Compliance Inspections and Examinations' market oversight unit in Washington. His duties included supervising the Commission's inspection program responsible for regulatory oversight of trading on the securities exchanges and ECNs. "We're excited to add Eric to our growing team and look forward to his contributions as we move towards Exchange status," said Chief Executive Joe Ratterman, noting that Mr. Swanson will report directly to him. "With his strong background and knowledge of the SEC and market centers, Eric is the ideal individual to work with the Commission during this process." During his tenure at the SEC, Mr. Swanson supervised and conducted inspections and examinations that involved a wide range of issues including best execution, order handling, insider trading, market manipulation Market manipulation describes a deliberate attempt to interfere with the free and fair operation of the market and create artificial, false or misleading appearances with respect to the price of, or market for, a stock. , and compliance with Regulation ATS. In addition, Mr. Swanson was responsible for the identification of regulatory risks and the development of parameters for surveillance and examination programs. A frequent speaker at securities industry functions, Mr. Swanson was most recently chief counsel and vice president of regulatory strategy at Ameriprise Financial Ameriprise Financial, Inc. (NYSE: AMP) is a company offering financial advice and products. It is the successor to American Express Financial Advisors (AEFA), which was a subsidiary of the American Express Company. . He graduated from the University of Minnesota (body, education) University of Minnesota - The home of Gopher. http://umn.edu/. Address: Minneapolis, Minnesota, USA. and earned his law degree at Hamline University Hamline University was founded in 1854 in Red Wing, Minnesota, USA, as the first institution of higher education in the state. School of Law in St. Paul St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery , Minn. About BATS Trading BATS Trading, based in Kansas City, Mo., with additional offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , was launched in January 2006 and operates one of the fastest-growing, top-tier equity markets in the United States. The BATS platform is developed by a core team of market and technology professionals, catering to the needs of the broker-dealer community. Included in the BATS customer base are more than 240 broker-dealers and a broad-based ownership group of Citi, Credit Suisse, Deutsche Bank, GETCO, JPMorgan, Lehman Brothers, Lime Brokerage, Morgan Stanley, Merrill Lynch and Wedbush. BATS recently recorded record volume of 883 million shares in a single day. BATS...Making Markets Better. For more information, contact Randy Williams or visit www.batstrading.com. |
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