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SECURITIES

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From Times Staff and Wire Reports

SEC Candidate Out of the Running: Consuela Washington, believed to be a top candidate to become chairwoman of the Securities and Exchange Commission, has been officially informed that she is no longer in the running for the post, congressional sources say. Washington, a top aide to Rep. John Dingell, who chairs the House Energy and Commerce Committee, could not be reached for comment. But the move apparently strengthens the prospects that businessman Arthur Levitt Jr. will become the next SEC chairman.

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