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{{unreferenced|date=April 2015}}
{{short description|American lawyer (1920–1980)}}
'''Ray Garrett Jr.''' (August 11, 1920 – February 3, 1980 in [[Chicago]], [[Illinois]]) was a senior partner at [[Gardner Carton & Douglas]] in [[Chicago]] until his appointment as the Chairman of the [[U.S. Securities and Exchange Commission]] (SEC) under President [[Richard Nixon]] in 1973, where he served for two years.
{{More citations|date=June 2025}}
{{Infobox officeholder
| name              = Ray Garrett Jr.
| image              =
| alt                =
| caption            =
| order              =
| office            = Chairman of the [[U.S. Securities and Exchange Commission]]
| term_start        = 1973
| term_end          = 1975
| predecessor        = [[G. Bradford Cook]]
| successor          = [[Roderick M. Hills]]
| birth_name        =
| birth_date        = {{birth date|1920|8|11}}
| birth_place        =
| death_date        = {{death date and age|1980|2|3|1920|8|11}}
| death_place        = [[Chicago]], Illinois, U.S.
| resting_place      =
| party              =
| spouse            = {{marriage|Virginia Hale|1943}}
| children          = 3
| education          = [[Yale University]] ([[Bachelor of Arts|AB]])<br />[[Harvard Law School]] ([[Bachelor of Laws|LLB]])
| occupation        = {{hlist|Lawyer|public official|educator}}
| signature          =  
}}
'''Ray Garrett Jr.''' (August 11, 1920 – February 3, 1980) was a member of the [[Gardner Carton & Douglas]] law firm in [[Chicago]] until his appointment as the chairman of the [[U.S. Securities and Exchange Commission]] (SEC) under President [[Richard Nixon]] in 1973, where he served for two years.


==Biography==
==Early life==
Garrett, a [[Yale College]] graduate, received his law degree from [[Harvard Law School]] in 1949. He served in the [[United States Army|U.S. Army]] during [[World War II]] as a captain in the artillery, where he saw action at the [[Battle of the Bulge]], was in the first American artillery battalion across the Rhine, and earned a bronze star. His father, Ray Garrett, Sr., fought during [[World War I]].
Ray Garrett Jr. was born on August 11, 1920,<ref name="SEC-pressrelease-1957">{{cite press release |accessdate=June 22, 2025 |url=https://www.sec.gov/news/digest/1957/dig092457.pdf |title=Appointment of Ray Garrett, Jr., to the newly created position of Associate Executive Director|work=SEC News Digest|publisher=Securities and Exchange Commission|date=September 24, 1957}}</ref> to Ray Garrett, a lawyer.<ref name="obit">{{Cite news |url=https://www.newspapers.com/article/chicago-tribune-rites-set-for-ray-garret/174837139/ |title=Rites Set for Ray Garrett |date=1980-02-05 |newspaper=[[Chicago Tribune]] |page=11 |via=[[Newspapers.com]] |access-date=2025-06-19}}{{Open access}}</ref><ref name="marriage">{{Cite news |url=https://www.newspapers.com/article/the-austin-american-garrett-hale-nuptial/174840626/ |title=Garrett-Hale Nuptials Said |date=1943-08-01 |newspaper=American-Statesman |page=4 |via=[[Newspapers.com]] |access-date=2025-06-19}}{{Open access}}</ref> He attended public schools in [[Glencoe, Illinois|Glencoe]] and [[Evanston, Illinois]]. He graduated from [[Evanston Township High School]].<ref name="SEC-pressrelease-1957"/> He graduated from [[Yale University]] with an [[Bachelor of Arts|A.B.]] in 1941,<ref name=ABAJ>{{cite journal|accessdate=June 22, 2025|url=https://www.jstor.org/stable/25717961?seq=3 |title= Legality of Corporate Support to Education: A Survey of Current Developments |first1=Miguel A. |last1=de Capriles |first2=Ray |last2=Garrett Jr. |journal=[[American Bar Association Journal]]|volume=38 |number=3 |date=March 1952|page=211| jstor=25717961 }}</ref> where he was a member of the glee club and [[Beta Theta Pi]] fraternity.<ref name="marriage"/><ref name="sec">{{Cite news |url=https://www.newspapers.com/article/chicago-tribune-nixon-picks-garrett-as-s/174838434/ |last=Beckman |first=Aldo |title=Nixon Picks Garrett as SEC Chief |date=1973-07-08 |newspaper=[[Chicago Tribune]] |page=7 |via=[[Newspapers.com]] |access-date=2025-06-19}}{{Open access}}</ref> In 1949, he graduated from [[Harvard Law School]] with a [[Bachelor of Laws|LL.B.]]<ref name=ABAJ/><ref name="obit"/>


He first joined the SEC in 1954 and served as Director of Corporate Regulation before returning to Chicago at [[Gardner, Carton & Douglas]] in 1958 as a partner. Garrett's predecessor as Chairman of the SEC, [[G. Bradford Cook]], had resigned in disgrace, and Garrett helped re-establish trust in the SEC.Ray Garrett also participated in revising Parts VII through XI of the [[American Law Institute]]'s [[Federal Securities Code]] which was published the year he died, and was a frequent contributor to journals in his field.
Garrett served in the [[United States Army|U.S. Army]] during [[World War II]] as a captain in the artillery, where he saw action at the [[Battle of the Bulge]]. He was in the first American artillery battalion across the Rhine and earned a bronze star.<ref name=WaPo-obit>{{cite news|accessdate=June 20, 2025 |url=https://www.washingtonpost.com/archive/local/1980/02/05/ray-garrett-jr-59-dies-former-sec-chairman/e0295f64-8b5c-4e12-8f13-daf6262a6b3c/|newspaper=[[Washington Post]]|title=Ray Garrett Jr., 59, Dies, Former SEC Chairman|date=February 4, 1980|quote=He served as a captain in the Army's field artillery during World War II and earned the Bronze Star medal.}}</ref><ref name=NYT-SECchair>{{cite news|accessdate=June 22, 2025|work=[[New York Times]]|url=https://www.nytimes.com/1973/07/16/archives/garrett-to-head-sec-adds-a-will-to-expertise-a-strong-will-seminar.html |title=Garrett, to Head S.E.C., Adds a Will to Expertise |first=Felix|last=Belair Jr.|date=July 16, 1973 |quote=He was in the European Theater for 18 months — nine of them in combat including the Battle of the Bulge — becoming a captain of field artillery.}}</ref> He served in the Army National Reserve and was associated with the U.S. Army's Office of the Deputy Chief of Staff for Logistics.<ref name="SEC-pressrelease-1957"/>


Garrett spearheaded tough legislation, making his commission one of the strongest in recent history. One of these changes was the demise of fixed commissions on [[stock]] transactions, which met with mixed results.
==Career==
Following graduation, Garrett remained at Harvard Law School as a teaching fellow. He was assistant professor of law at [[New York University School of Law]] from 1950 to 1952. In 1952, he joined the Chicago law firm [[Gardner Carton & Douglas]].<ref name="obit"/>


Ray Garrett also participated in revising Parts VII through XI of the [[American Law Institute]]'s [[Federal Securities Code]] which was published the year he died, and was a frequent contributor to journals in his field.
On October 25, 1954, Garrett joined the [[U.S. Securities and Exchange Commission]] (SEC) in Washington, D.C. He was associate director of the division of corporate regulation until January 6, 1956. He then served as director of the division. In 1958, he rejoined Gardner, Carton & Douglas.<ref name="SEC-pressrelease-1957"/><ref name="obit"/><ref name="sec"/> He was a visiting lecturer at [[Northwestern University School of Law]].<ref name="obit"/> He was appointed chairman of the SEC by President [[Richard Nixon]] in August 1973 to replace [[G. Bradford Cook]] following the [[Watergate scandal]]. He served in the role until October 1975.<ref name="obit"/><ref name="sec"/> He spearheaded the demise of fixed commissions on [[stock]] transactions, which met with mixed results.{{citation needed |date=June 2025}}


The Ray Garrett Jr. Corporate and Securities Institute at [[Northwestern University School of Law|Northwestern University]] was established in memory of Garrett. See: http://www.law.northwestern.edu/garrett/] at [[Northwestern University School of Law|Northwestern University]] was established in memory of Garrett.
Garrett was a member of the board of directors of the [[Chicago, Milwaukee, St. Paul and Pacific Railroad]]. He was on the board of the [[Chicago Title|Chicago Title and Trust Company]].<ref name="sec"/> In 1965, he was chairman of the section of corporation banking and business law of the [[American Bar Association]]. He was chairman of the advisory committee for the corporate department financing department of the [[American Bar Foundation]].<ref name="sec"/> He participated in revising Parts VII through XI of the [[American Law Institute]]'s [[Federal Securities Code]] which was published the year he died, and was a frequent contributor to journals in his field.{{citation needed |date=June 2025}}
 
==Personal life==
Garrett married Virginia Hale, daughter of John T. Hale, of [[Rockdale, Texas]], on July 27, 1943.<ref name="SEC-pressrelease-1957"/><ref name="obit"/><ref name="marriage"/> They had three daughters, Nancy, Susan and Anne.<ref name="obit"/> He lived on Myrtle Street in [[Winnetka, Illinois]].<ref name="obit"/><ref name="sec"/>
 
Garrett died on February 3, 1980, at [[Evanston Hospital]] in Chicago.<ref name="obit"/>
 
==Legacy==
The Ray Garrett Jr. Corporate and Securities Institute at Northwestern University was established in memory of Garrett.<ref name=NWU-about>{{cite web|accessdate=June 22, 2025 |url=https://www.law.northwestern.edu/academics/continuing-legal-education/garrett/information/
|title=Information: About the Garrett Institute
|publisher=[[Northwestern Pritzker School of Law]]}}</ref>
 
==References==
{{reflist}}
 
==External links==
{{commons category}}
*[https://www.law.northwestern.edu/academics/continuing-legal-education/garrett/ Garrett Institute], Northwestern University


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[[Category:1920 births]]
[[Category:1920 births]]
[[Category:1980 deaths]]
[[Category:1980 deaths]]
[[Category:People from Winnetka, Illinois]]
[[Category:Members of the U.S. Securities and Exchange Commission]]
[[Category:Members of the U.S. Securities and Exchange Commission]]
[[Category:Yale College alumni]]
[[Category:Yale University alumni]]
[[Category:Harvard Law School alumni]]
[[Category:Harvard Law School alumni]]
[[Category:New York University School of Law faculty]]
[[Category:Nixon administration personnel]]
[[Category:Nixon administration personnel]]
[[Category:Ford administration personnel]]
[[Category:Ford administration personnel]]
[[Category:United States Army personnel of World War II]]
[[Category:United States Army personnel of World War II]]
[[Category:United States Army reservists]]
[[Category:20th-century American educators]]
[[Category:20th-century American lawyers]]

Latest revision as of 23:20, 6 July 2025

Template:Short description Template:More citations Script error: No such module "infobox".Script error: No such module "Check for unknown parameters".Script error: No such module "Check for conflicting parameters". Ray Garrett Jr. (August 11, 1920 – February 3, 1980) was a member of the Gardner Carton & Douglas law firm in Chicago until his appointment as the chairman of the U.S. Securities and Exchange Commission (SEC) under President Richard Nixon in 1973, where he served for two years.

Early life

Ray Garrett Jr. was born on August 11, 1920,[1] to Ray Garrett, a lawyer.[2][3] He attended public schools in Glencoe and Evanston, Illinois. He graduated from Evanston Township High School.[1] He graduated from Yale University with an A.B. in 1941,[4] where he was a member of the glee club and Beta Theta Pi fraternity.[3][5] In 1949, he graduated from Harvard Law School with a LL.B.[4][2]

Garrett served in the U.S. Army during World War II as a captain in the artillery, where he saw action at the Battle of the Bulge. He was in the first American artillery battalion across the Rhine and earned a bronze star.[6][7] He served in the Army National Reserve and was associated with the U.S. Army's Office of the Deputy Chief of Staff for Logistics.[1]

Career

Following graduation, Garrett remained at Harvard Law School as a teaching fellow. He was assistant professor of law at New York University School of Law from 1950 to 1952. In 1952, he joined the Chicago law firm Gardner Carton & Douglas.[2]

On October 25, 1954, Garrett joined the U.S. Securities and Exchange Commission (SEC) in Washington, D.C. He was associate director of the division of corporate regulation until January 6, 1956. He then served as director of the division. In 1958, he rejoined Gardner, Carton & Douglas.[1][2][5] He was a visiting lecturer at Northwestern University School of Law.[2] He was appointed chairman of the SEC by President Richard Nixon in August 1973 to replace G. Bradford Cook following the Watergate scandal. He served in the role until October 1975.[2][5] He spearheaded the demise of fixed commissions on stock transactions, which met with mixed results.Script error: No such module "Unsubst".

Garrett was a member of the board of directors of the Chicago, Milwaukee, St. Paul and Pacific Railroad. He was on the board of the Chicago Title and Trust Company.[5] In 1965, he was chairman of the section of corporation banking and business law of the American Bar Association. He was chairman of the advisory committee for the corporate department financing department of the American Bar Foundation.[5] He participated in revising Parts VII through XI of the American Law Institute's Federal Securities Code which was published the year he died, and was a frequent contributor to journals in his field.Script error: No such module "Unsubst".

Personal life

Garrett married Virginia Hale, daughter of John T. Hale, of Rockdale, Texas, on July 27, 1943.[1][2][3] They had three daughters, Nancy, Susan and Anne.[2] He lived on Myrtle Street in Winnetka, Illinois.[2][5]

Garrett died on February 3, 1980, at Evanston Hospital in Chicago.[2]

Legacy

The Ray Garrett Jr. Corporate and Securities Institute at Northwestern University was established in memory of Garrett.[8]

References

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External links

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Government offices
Preceded byTemplate:S-bef/check Securities and Exchange Commission Chair
1973 – 1975 Template:S-ttl/check 		Template:S-aft/check Succeeded by

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