The Securities and Exchange Commission has set up a new unit to speed the move to interactive financial reporting by public companies.

SEC Chairman Christopher Cox appointed David Blaszkowsky, an 11-year veteran of McGraw-Hill who spent seven years at the company's Standard & Poor's division, to head the department as director of interactive disclosure. He will coordinate the agency-wide disclosure modernization effort, working with investor groups, analysts, journalists and financial statement preparers.

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