FOR IMMEDIATE RELEASE                               2001-59
     
     
     
  Onnig Dombalagian Named Attorney-Fellow in the Office of
      Market Supervision, Division of Market Regulation
                              
                              
                              
     Washington, DC, June 4, 2001 -- The Securities and
Exchange Commission's Division of Market Regulation
today announced the selection of Onnig H. Dombalagian as
an attorney-fellow in the Office of Market Supervision
for a two-year term beginning June 4, 2001. Mr.
Dombalagian has significant expertise in the federal
securities laws, primarily with respect to the
regulation of exchanges, alternative trading systems,
broker-dealers, cross-border transactions, and single
stock futures.  Mr. Dombalagian has been an Associate
with the law firm of Cleary, Gottlieb, Steen & Hamilton
since 1996.

Annette Nazareth, Director of the Division of Market
Regulation, said, "Onnig's extensive knowledge of the
federal securities laws, particularly the Securities
Exchange Act of 1934 and the Commodity Futures
Modernization Act, will be a significant asset as the
Commission works to update its regulation of the markets
in light of recent innovations in technology and new
trading instruments."

Mr. Dombalagian graduated cum laude with a J.D. from Harvard
Law School in 1995, where he served on the Harvard Law
Review and the International Law Journal. He graduated summa
cum laude with an A.B. in computer science from Harvard
College in 1992.  He served as a Visiting Professor of Law
at the American University of Armenia, Yerevan, Armenia, in
the fall of 2000, and clerked for the Honorable J. Edward
Lumbard, U.S. Court of Appeals for the Second Circuit, from
1995-1996.  Mr. Dombalagian is a member of the New York,
Maryland, and District of Columbia bars.
                              
                              
                              
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