Washington (Nov. 25, 2002) --William Baker III, associate director of enforcement at the Securities and Exchange Commission, is leaving the regulator after 15 years in the agency's enforcement unit.

Baker, 45, is slated to leave at the end of the month and will join a private law firm. Baker was the agency's point man in bringing fraud charges against telecommunications carrier WorldCom Inc. just one day after the company admitted it had hidden nearly $4 billion in expenses in order to cover up losses.

The SEC said a successor has not been named.

-- Electronic Accountant Newswire staff

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