Securities and Exchange Commission chief accountant Donald Nicolaisen is scheduled to testify this week before a House subcommittee about the commission's decision that Fannie Mae violated accounting rules.
Nicolaisen is slated to appear Feb. 9 before the House Financial Services Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises. The committee, chaired by Rep. Richard H. Baker, R-La., watches over the U.S. capital markets, securities and insurance industries, and government-sponsored enterprises, such as Fannie Mae and Freddie Mac, and oversees the SEC as well as the self-regulatory organizations that police the securities markets.
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