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Tim Quast
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In this guest commentary, author Tim Quast looks back at the history of HFT and how the market has evolved to where many firms now fit the definition of high-frequency trader.

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December 1, 2011

Ex-SEC Official Joins Law Firm

Ex-SEC Official Joins Law Firm

By By Editorial Staff

Jamie Brigagliano, a former co-acting director of the Division of Trading and Markets at the Securities and Exchange Commission, joined Sidley Austin as a partner in the firm's securities and futures regulatory practice. Brigagliano spent 25 years with the SEC, working in the Division of Trading and Markets for 13 years. He became an associate director for trading practices and processing in 2007 and a co-acting director in 2009.

Under his watch, the division tackled the issue of transparency in dark pools, including reporting and the use of indications of interest; sponsored access; and the fallout from the '"flash crash" of May 2010.

Earlier, Brigagliano led the drafting and implementation of Regulation SHO, which updated the SEC's oversight of short sales. More recently the attorney worked on new rules covering derivatives mandated by Dodd-Frank.

Brigagliano won the division's Jay Manning award in 2003, given to staffers for excellence in service.