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Harvey Pitt nominated as next SEC chairman

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11 May 2001

US President Bush has nominated Harvey Pitt, partner in the New York law firm Fried, Frank, Harris, Shriver & Jacobson and former SEC General Counsel, as the next chairman of the US Securities and Exchange Commission.

Senate confirmation is required. A key task facing the next SEC chairman is follow-up on the SEC's Concepts Release on the use of International Accounting Standards in the SEC filings.

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