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President Bush appointed Securities and Exchange Commissioner Laura S. Unger as the regulator’s acting chairwoman until a permanent replacement is named and confirmed by the U.S. Senate, according to a statement released late Monday by Rep. Michael G. Oxley, R-Ohio, chairman of the House Financial Services Committee. The White House confirmed the appointment late Monday. Unger will replace former Chairman Arthur Levitt, who ended his eight-year tenure at the SEC on Friday. Unger, the only Republican commissioner serving on the SEC, was sworn in November 1997. Her term expires in June. Before being appointed to the SEC, Unger was securities counsel to the Senate Committee on Banking, Housing and Urban Affairs where she advised former Sen. Alfonse M. D’Amato, R-N.Y. Prior to working on Capitol Hill, she was an attorney for the SEC’s enforcement division. Unger received a B.A. in rhetoric from the University of California at Berkeley in 1983 and a J.D. from New York Law School in 1987. “I look forward to working with [Unger] in the immediate future on the many issues in the financial services industry under the review of the SEC,” Oxley said. The leading contenders to permanently replace Levitt include Joseph Grundfest, a Stanford Law School professor and former SEC commissioner; William Heyman, executive vice president of Citigroup Inc.’s private equity arm and a former SEC division head; James Doty, senior partner in Washington, D.C., law firm Baker Botts LLP and a former SEC general counsel; and Rep. Christopher Cox of California, chairman of the House Policy Committee and a former securities lawyer who never worked for the commission.
Securities Regulation and the Internet. February 20-March 5. Commissioner Laura S. Unger, acting SEC chairwoman, is a panelist onthis upcoming seminar.

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