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WASHINGTON — To help expedite the distribution of more than $5 billion Securities and Exchange Commission recoveries to injured investors, the agency announced on Feb. 5 the creation of the Office of Collections and Distributions.

Richard J. D’Anna has been hired as the first-ever director of the new office. D’Anna previously served as senior vice president at 1st Bridgehouse Securities and as senior vice president and consultant at FITS, Inc. He also served in senior roles at Fiserv Securities, Correspondent Clearing, Custody Operations, and at Prime Brokerage Services at Deutsche Bank/Alex Brown.

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