Bush nominates J. Carter Beese to join the SEC

October 23, 1991

J. Carter Beese Jr., a principal at Baltimore-based Alex. Brown & Sons Inc., was nominated by President Bush yesterday to be one of five members of the Securities and Exchange Commission, the federal agency that sets disclosure rules for publicly traded companies.

Mr. Beese, 35, would fill a seat on the Securities and Exchange Commission that was left vacant during the summer by Philip R. Lochner Jr., who returned to his former employer, Time Warner Inc.

If confirmed by the Senate, he would serve a five-year term set to expire June 5, 1996.

A 13-year veteran at Alex. Brown, Mr. Beese works to develop business in the company's corporate finance, investment management and institutional brokerage areas. He became an officer of the firm in 1984 and a partner in 1987.

Mr. Beese has long been active in government affairs.

A member of the Securities and Exchange Commission's Emerging Markets Advisory Committee, which helps establish securities markets in developing countries, he is also a member of the Committee on Financing Technology in the United States, a joint project between the Treasury and Commerce departments.

Mr. Beese also serves as a director of the Overseas Private Investment Corp., to which he was appointed by President Bush and confirmed by the Senate Foreign Relations Committee.

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