FOR IMMEDIATE RELEASE                           2001-128

   Peter H. Bresnan Named Deputy Chief Litigation Counsel
              of SEC’s Division of Enforcement

     Washington, DC, November 5, 2001—The Securities and
Exchange Commission today named Peter H. Bresnan Deputy
Chief Litigation Counsel of the Commission’s Division of
Enforcement.  As Deputy Chief Litigation Counsel, Mr.
Bresnan will assist in supervising the Division’s nationwide
litigation program.  Mr. Bresnan succeeds Stephen J.
Crimmins, who left the Commission in July.

     Stephen M. Cutler, the SEC's Director of Enforcement,
said, "I am very pleased that Peter will be helping us lead
our litigation efforts.  Peter is a brilliant trial lawyer
who has achieved superb results in a number of precedent-
setting Commission cases.  The Division and the Commission
will benefit greatly from his impeccable judgment and deep
knowledge of the federal securities laws."

     David L. Kornblau, the Division's Chief Litigation
Counsel, said, "The Division is extremely fortunate to have
Peter as Deputy Chief Litigation Counsel.  Through his
superb work here and his extraordinary personal qualities,
he has already earned the respect and confidence of
Enforcement litigators and investigative staff throughout
the Division.  I look forward to having his sage counsel in
overseeing our litigation program."

     Mr. Bresnan, who joined the Commission in April 1995 as
an Assistant Chief Litigation Counsel, has prosecuted a
number of ground-breaking cases for the Commission,
including its first litigated yield-burning case.  He also
spearheaded the Commission's first fraud case against an
offshore hedge fund, Manhattan Investment Fund Ltd., and its
manager Michael Berger, involving an alleged $393 million in
investor losses.  Mr. Bresnan is currently litigating the
Commission's first insider trading case alleging the passing
of inside information over the internet, which involves
nineteen defendants and alleged illegal trading profits of
over $8 million.

     From 1982 until he joined the Commission, Mr. Bresnan
was a litigator at the law firm of Davis Polk & Wardwell in
New York.  Mr. Bresnan, 46, earned his undergraduate degree
in history from Kenyon College and his law degree from
Fordham University Law School.

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