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THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release December 8, 1994

PRESIDENT NAMES DWOSKIN TO SECURITIES BOARD

The President today announced his intent to nominate Albert J. Dwoskin of Virginia to be a Member of the Board of Directors of the Securities Investors Protection Corporation.

Mr. Dwoskin is President of A. J. Dwoskin and Company, a firm which constructs, manages and leases shopping centers and apartment projects in northern Virginia and Maryland. He also owns and serves as a director of Chain Bridge Securities, a broker-dealer that offers investors interests in real estate partnerships.

The Board governs the operations of the Corporation, which administers a fund for limited customer protection against financial failures of broker-dealers who are members of the Corporation. The SIPC Fund, which exceeds $720 million, is derived from the assessments imposed on its members.

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