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U.S. Securities and Exchange Commission
Roderick M. Hills dies at 83; head of the SEC under President Ford
Roderick M. Hills dies at 83; head of the SEC under President Ford

Roderick M. Hills, who led the U.S. Securities and Exchange Commission under President Ford and concluded that investment companies needed more freedom from regulation, has died. He was 83. He died Wednesday at Johns Hopkins Hospital in Baltimore, said his wife, Carla Hills, a former U.S. secretary of housing and urban development and U.S. trade representative. The cause was surgical complications following heart problems, she said. Hills was a corporate lawyer and a White House counsel to Ford before becoming SEC chairman in October 1975, just months after the SEC did away with fixed brokerage commission rates. Ford selected him to succeed Ray Garrett Jr., who had resigned. He...

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