FOR IMMEDIATE RELEASE                                    2000-147

   Wayne Carlin Named Director of the Northeast Regional Office

     Washington, DC, October 2, 2000 -- Securities and Exchange
Commission Chairman Arthur Levitt today named Wayne M. Carlin
Regional Director of the Commission's Northeast Region.  As
Regional Director, Mr. Carlin will oversee enforcement and
regulatory activities throughout 13 states and the District of
Columbia.  Mr. Carlin, currently Senior Associate Regional Director
in the SEC's Northeast Region, succeeds Carmen Lawrence, who
recently left the Commission to enter private practice.  He will
begin his new duties immediately.

     SEC Chairman Arthur Levitt said, "The directorship of the
Northeast Regional Office is a critical position.  Wayne's superb
legal skills, proven management abilities, and even-handed
temperament make him well-suited for this challenge.  I look
forward to working with him and believe he will be a great success.
I also thank Ed Nordlinger for his service as Acting Regional
Director."

     SEC Enforcement Director Richard H. Walker stated, "Wayne
brings to this job a long record of accomplishment - both at the
Commission and in the private sector.  Since his first days at the
Commission, his outstanding judgment, keen intellect, and passion
for the job have impressed and inspired everyone with whom he's
worked.  His knowledge of the securities markets and federal
securities laws is exceptional.  I am certain that the Northeast
Regional Office will continue to flourish with Wayne at the helm."

     Mr. Carlin first joined the Commission's staff in 1993 as a
staff attorney in the Northeast Regional Office.  He left the
Commission in 1997 as an Assistant Regional Director and joined
Lazard Freres & Co. as Vice President and Head of Regulatory
Affairs.  Mr. Carlin rejoined the Commission in September 1999 as
an Associate Regional Director.  In this capacity, Mr. Carlin
oversaw the Commission's microcap fraud investigation that led to
five enforcement actions against 63 defendants and respondents
announced in June 2000 in coordination with criminal charges
against 120 defendants.  He also supervised SEC v. Frankel, SEC v.
Steve Madden and numerous other cases in areas such as unregistered
offering frauds, internet-related frauds, insider trading, and
investment adviser fraud.

     In his earlier Commission career, Wayne had principal
responsibility for: cases arising from an FBI undercover operation
that ensnared stock promoters who paid kickbacks to brokers to
induce them to sell the stock to their customers; an egregious soft
dollar case against Tandem Asset Management and several of its
principals, which culminated in the first criminal prosecution of
soft dollar abuses; and the Commission's action against Askin
Capital Management, in which the Commission charged an investment
adviser with defrauding its clients by disseminating false and
misleading performance information related to investments in
mortgage derivative securities.  Prior to joining the Commission,
Mr. Carlin was first an associate with the law firm of Wachtell,
Lipton, Rosen & Katz and then was a partner in the litigation group
at Testa, Hurwitz & Thibeault.

     Mr. Carlin, 41, earned his A.B. magna cum laude from Harvard
College in 1981 and his J.D. from Harvard Law School in 1984 where
he was an editor of the Harvard Law Review.

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