FOR IMMEDIATE RELEASE                             2002-33


      SEC Historical Society Oral Histories Roundtable

     Washington, DC, March 7, 2002 - Today the Commission
and the Securities and Exchange Commission Historical
Society announced that on March 21, 2002, there will be a
panel discussion of the integration of disclosure
requirements of the Securities Act of 1933 and the
Securities Exchange Act of 1934.  Integration of these
requirements was an idea that began in the early years of
the Commission but was not fully implemented until the early
1980s.

     The changes that were adopted at that time include
amendments to Form 10K; amendments to the proxy rules;
expansion of amendments to Regulation S-K, which governs non-
financial statement disclosure rules; uniform financial
statement instructions; a general revision of Regulation
S-X, which governs the form, content and requirements of
financial statements; and a new simplified optional form for
the registration of securities issued in certain business
combinations.  The resulting system was based on the idea
that investors expect to be furnished the same basic
information, whether to meet current information
requirements for trading purposes or to provide information
in connection with the sale of newly issued securities.  The
integration effort also provided a single disclosure system
at reduced cost to filing companies.
     
      The roundtable will take place on Thursday, March 21,
2002, from 2:00 - 5:00 p.m. in the William O. Douglas Room
at the Commission headquarters building, 450 Fifth Street,
N.W., Washington, DC.  Participants in the roundtable
include current Corporation Finance Division Director Alan
Beller, and former Corporation Finance Division Directors
Alan Levenson, Richard Rowe, Edward Greene, John Huber,
Linda Quinn, Brian Lane and David Martin.  Rowe and Richard
Phillips, formerly of the Office of the General Counsel,
will serve as moderators.

     The roundtable will be audio- and videotaped for
transcription and dissemination by the Historical Society.
The society, founded in 1999, works to preserve the history
of the SEC, sponsors research and educational programs
regarding the Commission, and strives to enhance
understanding of the development of the U.S. and world
capital markets.  The roundtable will be open to members of
the Society, all SEC staff members, the press and invited
guests.
     
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