The Securities and Exchange Commission (SEC) today announced that John J. Cross III, director of the Office of Municipal Securities, will leave the agency in November to rejoin the agencies Tax Policy Office.
Cross has been the first director of the office of Municipal Securities which was established under the 2010 Dodd-Frank Act to oversee the municipal securities market. He contributed among others to building the Municipal Securities Office into a standalone team to the final rulemaking project for municipal advisor registration under the Dodd-Frank Act.
“As the Office of Municipal Securities’ first director, John provided valuable leadership and expertise in the oversight of the municipal securities market that is so vital to financing our public infrastructure,” commented chair Mary Jo White.
Prior to joining the SEC, Cross worked as partner at the national municipal bond specialty law firm Hawkins, Delafield & Wood LLP and for the Financial Institutions and Products division of the IRS Chief Counsel’s office.