NASAA Statement on Appointment of Stephen Cutler as SEC’s New Enforcement Director

October 25, 2001 – The North American Securities Administrators Association (NASAA) issued the following statement today following news of Stephen Cutler’s appointment as Director of the Division of Enforcement of the U.S. Securities and Exchange Commission:

NASAA President Joseph Borg, director of the Alabama Securities Commission, said: “Steve Cutler is an excellent choice. He has the experience, knowledge and the vision that this position demands. State securities regulators look forward to working with him on a range of issues and concerns.”

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