Nazareth to leave SEC

Nazareth's term as a commissioner ended in June this year, but she has the option to remain for up to 18 months, to allow a successor to be named. She has not set a date for her final departure.

Nazareth was sworn in as a commissioner in August 2005. From 1999 to 2005, she was the SEC's director of market regulation, and in 1998 she worked briefly as senior council to then-chairman Arthur Levitt and director of the investment management division. She plans to return to the private sector; before joining the SEC she was deputy head of Smith Barney's capital markets legal group and senior counsel at Lehman Brothers.

Her departure will leave the commission with two empty seats out of five - Roel Campos left the SEC last month. No replacements have so far been announced.

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