OTHER NEWS - Aug. 27, 1994

SEC Commissioner to Resign: J. Carter Beese Jr., the lone Republican on the five-member Securities and Exchange Commissioner, said he intends resign later this year and return to private business. Beese, 38, an appointee of former President George Bush, has been a strong advocate of limiting the cost of regulations to the securities industry, arguing that keeping costs down will allow America’s financial markets to stay competitive. Prior to serving at the SEC, he was a director at the Overseas Private Investment Corp., a governmental agency that deals with foreign trade and investment. He was also a partner of Alex., Brown & Sons, a major securities brokerage firm based in Baltimore.