BANKING & FINANCE - March 7, 1992

SEC to Open East Europe Offices: The U.S. Securities and Exchange Commission will open two offices in Eastern Europe later this year to advise former communist countries on developing stock markets, the agency’s chief said. SEC Chairman Richard C. Breeden said the Wall Street watchdog agency would assign two senior staffers to work out of U.S. embassies in Eastern Europe, one probably in Warsaw and the other in a yet-to-be-determined location. Breeden said the project, which the SEC has been working on for a year, could be under way by September.