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The Securities and Exchange Commission's probe of brokerage firms' IPO allocations may lose steam now that the agency's chairman, Arthur Levitt, plans to retire by February, say some securities lawyers. But Levitt insisted the probe wouldn't stall without him, saying, "It is safe to assume that whatever investigation the SEC began will continue. It has nothing to do with a change in management."
December 22, 2000 at 12:00 AM
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The original version of this story was published on Law.Com
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