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WASHINGTON – After more than four years as one of four commissioners at the Securities and Exchange Commission, Cynthia Glassman announced May 15 she plans to leave at the end of her term on June 5. Glassman did not set a specific date for her departure but according to SEC, commissioners typically remain on for up to 18 months beyond a term’s completion if they are not replaced. Glassman has a tie to the credit union world. She has served on the board of the Federal Reserve Board Credit Union. Since joining SEC in January 2002, Glassman has championed investor education, enhanced disclosure and increased use of economic analysis in SEC rulemaking, the agency said. She served as acting chairman during the summer of 2005. An economist, she also played a key role in supporting efficient capital markets as well as effective implementation of the Sarbanes Oxley Act of 2002 and other investor protection efforts. Among her specific accomplishments, Glassman spearheaded an initiative that led to the establishment of an $85 million investor education fund from the 2003 global settlement of research analyst conflict of interest charges involving the nation’s largest investment banks. Prior to being appointed an SEC commissioner, Glassman spent more than 30 years in the public and private sectors focusing on financial services regulatory and public policy issues including 12 years at the Federal Reserve and 15 years in consulting positions in the private sector.

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