Washington (April 6, 2004) -- The Securities and Exchange Commission has appointed Chester Spatt, Ph.D., as chief economist and director of its office of economic analysis.

Spatt, 50, succeeds Lawrence E. Harris, who is returning to research and teaching at the Marshall School of Business at the University of Southern California.

Most recently, Spatt served as Mellon Bank Professor of Finance and director of the Center for Financial Markets at the Tepper School of Business at Carnegie Mellon University. He has written extensively on market structure, pricing and valuation.

In a statement, SEC Chairman William Donaldson welcomed Spatt’s insights and analysis “at a critical time for our financial markets.”

-- WebCPA staff

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