Panel Supports SEC Nominee
Richard C. Breeden, President Bush’s nominee to head the Securities and Exchange Commission, was unanimously recommended Wednesday by the Senate Banking, Housing and Urban Affairs Committee.
Breeden, a 39-year-old native of Manhattan Beach, has served in a variety of capacities under Bush, most recently as point man on legislation intended to help bail out the nation’s ailing savings and loan industry.
Bush nominated Breeden, assistant for the President for issue analysis, in August to succeed David S. Ruder, who returned to teaching law at Northwestern University Sept. 30. Breeden must still be confirmed by the full Senate, which is expected as early as Friday.
The SEC is a five-member board that oversees securities markets, regulates the sale of stocks, bonds and stock options and enforces securities laws.
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