Securities and Exchange commissioner Cynthia Glassman announced that she will not seek reappointment to the five-member panel when her term expires this summer.

Glassman, a Republican, joined the SEC in January 2002 and served as acting chairman in the summer of 2005, before Chairman Christopher Cox received Senate confirmation. While her term ends on June 5, commissioners have been known to stay for up to 18 months beyond a term's completion if they are not replaced.

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