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January 30, 2012

SEC Commissioners Said to Seek Larger Role in Choosing Next Watchdog

U.S. Securities and Exchange Commission Chairman Mary Schapiro may have to revise a proposal for hiring the agency’s next internal watchdog after at least three commissioners demanded greater say in the process, according to two people familiar with the matter.

Commissioners were recently presented the plan in which panels of senior SEC staff would rate, interview and suggest final candidates to succeed H. David Kotz, according to the people, who asked not to be named because the plans weren’t public.

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