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BRIEFLY

Securities

February 12, 1996|Times Staff and Wire Reports

Egyptians to Get Training in Stock Regulation: Arthur Levitt, chairman of the U.S. Securities and Exchange Commission, signed an agreement for training Egyptians and other Arabs. Also signing the memorandum of understanding was Abdel-Hamid Ibrahim, chairman of the Egyptian Capital Markets Authority, which oversees Egypt's stock and bond markets. A statement issued after the signing said the agreement is the first with a market authority in the Middle East. Under it, the SEC will host Egyptian regulators at training programs in Washington. The SEC also plans training programs in Egypt. Levitt said a similar understanding is to be signed with Israeli market officials on Tuesday.

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