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September 24, 1997

Securities and Exchange Commissioner Steven M.H. Wallman said he will resign Tuesday to pursue private-sector opportunities in finance and technology and to work part-time at the Brookings Institution. Wallman, 43, a Democrat whose three-year term has expired, had previously said he planned to leave around Labor Day. Paul R. Carey, a White House liaison to Congress, has been nominated by President Clinton to replace Wallman.

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