THE WHITE HOUSE
Office of the Press Secretary
PRESIDENT CLINTON NAMES PAUL R. CAREY AND LAURA S. UNGER AS COMMISSIONERS TO THE SECURITIES AND EXCHANGE COMMISSION
President Clinton today announced his intent to nominate Paul R. Carey and Laura S. Unger as Commissioners to the Securities and Exchange Commission.
Mr. Carey, of New York, is Special Assistant to the President for Legislative Affairs at the White House where he has been since 1993. Currently, Mr. Carey is the liaison to the United States Senate for the President, handling: banking; financial services; housing; securities; and trade and other related issues. Prior to joining the Administration, Mr. Carey worked with Donaldson, Lufkin & Jenrette and at First Albany Corporation in their Institutional Equity divisions. Mr. Carey received his B.A. in Economics from Colgate University.
Ms. Unger, of New York, is currently the Securities Counsel for the U.S. Senate Committee on Banking, Housing and Urban Affairs, where she has been since April 1992. Ms. Unger has also served as a Congressional Fellow, legislative counsel to Senator Alfonse M. D'Amato from 1990 to 1992, and as staff attorney in the Securities and Exchange Commission Enforcement Division from 1988 to 1990. Ms. Unger earned a B.A. in Rhetoric from the University of California at Berkeley in 1983 and a J.D. from the New York Law School in 1987.
The Securities and Exchange Commission is charged with regulation and enforcement of laws pertaining to: public offerings of securities; securities markets and persons conducting securities businesses; mutual funds and other investment companies; companies controlling electric or gas utilities; and investment counselors and advisors. The Securities and Exchange Commission also acts as an advisor to United States district courts during bankruptcy proceedings for debtor corporations in which there is a substantial public interest.