The Securities and Exchange Commission announced Thursday that Chester Spatt, Chief Economist and Director of the Office of Economic Analysis (OEA), will leave the agency to return to academia at the end of July, according to an SEC press release.

Spatt will rejoin Carnegie Mellon University, where he serves as Mellon Bank Professor of Finance and Director of the Center for Financial Markets at the Tepper School of Business. His research and teaching there will focus upon economic issues related to securities regulation as well as asset allocation and taxes.

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