Wednesday, September 07, 2005

SEC chief accountant to quit as top ranks thin

The Securities and Exchange Commission said Wednesday that Chief Accountant Donald Nicolaisen will resign next month, further depleting the top ranks of the agency that got a new chairman in August.

After two years on the job, Nicolaisen, 61, said he plans to return to the private sector. Before joining the investor protection agency, he was a senior partner at Big Four accounting firm PricewaterhouseCoopers.

"I'm pleased that he has agreed to remain at the SEC long enough to help the agency search for a successor," said SEC Chairman Christopher Cox in a statement.

SEC chief accountant to quit as top ranks thin

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