Ray Garrett Jr.: Difference between revisions

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{{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]]<br />[[Harvard University]]
| alma_mater        =
| occupation        = {{hlist|Lawyer|public official}}
| 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,{{citation needed |date=June 2025}} 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 graduated from [[Yale University]]. He was a member of the glee club and [[Beta Theta Pi]].<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> He later graduated from [[Harvard Law School]] in 1949.<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]], was in the first American artillery battalion across the Rhine, and earned a bronze star.{{citation needed |date=June 2025}}


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.
In 1954, he joined the [[U.S. Securities and Exchange Commission]] (SEC) in Washington, D.C., and was director of the division of corporate regulation for four years. In 1958, he rejoined Gardner, Carton & Douglas.<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, on July 27, 1943.<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.{{citation needed |date=June 2025}}
 
==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: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]]

Revision as of 17:56, 19 June 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,Script error: No such module "Unsubst". to Ray Garrett, a lawyer.[1][2] He graduated from Yale University. He was a member of the glee club and Beta Theta Pi.[2][3] He later graduated from Harvard Law School in 1949.[1]

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, was in the first American artillery battalion across the Rhine, and earned a bronze star.Script error: No such module "Unsubst".

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.[1]

In 1954, he joined the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., and was director of the division of corporate regulation for four years. In 1958, he rejoined Gardner, Carton & Douglas.[1][3] He was a visiting lecturer at Northwestern University School of Law.[1] 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.[1][3] 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.[3] 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.[3] 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, on July 27, 1943.[1][2] They had three daughters, Nancy, Susan and Anne.[1] He lived on Myrtle Street in Winnetka, Illinois.[1][3]

Garrett died on February 3, 1980, at Evanston Hospital in Chicago.[1]

Legacy

The Ray Garrett Jr. Corporate and Securities Institute at Northwestern University was established in memory of Garrett.Script error: No such module "Unsubst".

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
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