The SEC chose a current SEC lawyer to be the Associate Director for Derivatives Policy and Trading Practices, which succeeds the Office of Trading Practices and Processing - a part of the Division of Trading and Markets.  Brian Bussey had headed the predecessor office. Mr. Bussey led the Division's efforts to establish an Office of Derivatives Policy and to expand the clearance and settlement program.  The SEC recently appointed an Associate Director for Clearance and Settlement. The Office of Derivatives Policy and Trading Practices will focus on implementing the derivatives provisions of the Dodd-Frank Act, and will be responsible for the administration of Regulation SHO and other rules related to short selling and market manipulation.  The Office oversees the Division’s efforts to provide legal and policy expertise to the Division of Enforcement in matters pertaining to market regulation and oversight. Mr. Bussey has been with the SEC since 1998.  Prior to that, he was a corporate associate at Kirkland & Ellis. He began his legal career in 1995 as a law clerk to Judge E. Grady Jolly, U.S. Court of Appeals for the Fifth Circuit.  Since joining the SEC, Mr. Bussey has, among other things, served as counsel to former SEC chairmen William Donaldson and Harvey Pitt and former Acting Chairman Laura Unger. Mr. Bussey received his JD with high honors from the U. of Chicago Law, and received his BA from Pomona College.  [SEC PR 11-228, 10/27/11]