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President Bush has selected William H. Donaldson, a co-founder of investment bank Donaldson, Lufkin & Jenrette, to chair the Securities and Exchange Commission, replacing Harvey Pitt, who resigned last month. Donaldson comes to the SEC at a rocky time, as it conducts a record number of investigations in the wake of the stock market decline and a rash of accounting scandals. Securities lawyers praised the selection.
December 11, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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