FOR IMMEDIATE RELEASE                             2001-55

        SEC ANNOUNCES APPOINTMENT OF GLENN S. GORDON
                 AS DEPUTY REGIONAL DIRECTOR

     Washington, D.C., May 25, 2001 - Acting Chairman Laura
S. Unger today announced the selection of Glenn S. Gordon as
Deputy Regional Director in the Commission's Southeast
Regional Office (SERO).  The region comprises offices in
Miami, Florida and Atlanta, Georgia, and has both
enforcement and regulatory programs in an eight-state area,
and in Puerto Rico and the Virgin Islands.  As Deputy
Regional Director, Mr. Gordon will assist the Regional
Director in overseeing these programs in the SERO, as well
as coordinating these functions with those in the Atlanta
District Office.

     Mr. Gordon joined the SERO staff in 1995.  During his
tenure in that office, he has served in several positions of
increasing responsibility in the enforcement program.  For
the past two years, Mr. Gordon has been an Assistant
Director for Enforcement in the SERO.

     Mr. Gordon has had supervisory responsibility for
several of the SERO's major enforcement cases, including
matters involving earnings management, auditor independence,
margin lending, and insider trading.  Among other matters,
Mr. Gordon supervised the Commission's actions against W.R.
Grace & Co., PricewaterhouseCoopers, LLP, and Investment
Street, a Miami broker-dealer with day-trading customers.
Mr. Gordon also supervised the investigation that led to the
institution of the Commission's first charges based
primarily on alleged sales practice violations in the sales
of variable annuities.

     Prior to joining the SEC, Mr. Gordon was a litigation
associate at the law firms of Davis Polk & Wardwell and
Proskauer Rose in New York.  He also clerked for Judge
Gerald Bard Tjoflat, United States Court of Appeals for the
Eleventh Circuit.

     SEC Director of Enforcement, Richard Walker, said
"Glenn is a lawyer of considerable talent who has played a
large role in many of the successful cases brought by the
Southeast Regional Office over the past several years.  I am
confident that he will carry out the responsibilities of
this important position with intelligence and effectiveness
and I look forward to continuing to work with him."

     David Nelson, Regional Director of the SERO said "Glenn
is an outstanding attorney who has made immeasurable
contributions to the success of the Southeast Regional
Office's enforcement program. I know that in his new
position Glenn will continue to lead and inspire the staff
of the Miami office."

     Mr. Gordon received his B.A. and B.S. degrees from the
College of Arts and Sciences and the Wharton School of the
University of Pennsylvania in 1983.  He received his J.D.
degree from Cornell Law School in 1986 where he graduated
cum laude and where he was an Articles Editor of the Cornell
Law Review.



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