William Lenox Named Ethics Counsel

FOR IMMEDIATE RELEASE
2004-57

Washington, D.C., April 26, 2004 -- The Securities and Exchange Commission today announced the appointment of William Lenox as the Commission's Ethics Counsel. In his new position, Mr. Lenox will head the Commission's Ethics Office and serve as its Designated Agency Ethics Official.

Giovanni Prezioso, the Commission's General Counsel, said, "We are fortunate that Bill has agreed to take on the responsibilities of the Commission's Ethics Counsel. He brings a wealth of judgment, intelligence and expertise to his new position, leading an exceptional team of ethics professionals."

Mr. Lenox has served the Commission in the Ethics Office since 1993. Before coming to the Commission, Mr. Lenox's experience included work as a senior trial attorney in the Division of Enforcement at the CFTC, private practice at a law firm, and service as a Deputy Chief Counsel of a Senate Select Committee. Mr. Lenox, 48, is an honors graduate of the University of Pennsylvania Law School, with a graduate law degree from Georgetown University.