Background
Garrett, Ray was born on August 11, 1920 in Chicago, Illinois, United States. Son of Ray and Mabel May Garrett.
Garrett, Ray was born on August 11, 1920 in Chicago, Illinois, United States. Son of Ray and Mabel May Garrett.
Bachelor of Arts, Yale University, 1941. Bachelor of Laws, Harvard University, 1949.
Garrett, a Yale College graduate, received his law degree from Harvard Law School in 1949. He served in the United States. Army during World 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, Senior, fought during World War I.
He first joined the Securities and Exchange Commission 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 Securities and Exchange Commission, G. Bradford Cook, had resigned in disgrace, and Garrett helped re-establish trust in the Securities and Exchange Commission. 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. 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
The Ray Garrett Junior. Corporate and Securities Institute at Northwestern University was established in memory of Garrett.
Served to captain United States Army, 1942-1946. Member American Bar Association (chairman section corporation, banking and business law 1965-1966), National Association Securities Dealers (public governor 1976-1979). Clubs: University (Chicago).
Married Virginia Hale. Children: Nancy Worcester, Susan Dunn, Anne Burfield, Richard H. Teaching fellow Harvard Law School.