Lori Schock Named Acting Director of Investor Education and Assistance

FOR IMMEDIATE RELEASE
2006-105

Washington, D.C., June 29, 2006 - Securities and Exchange Commission Chairman Christopher Cox today announced the selection of Lori Schock as the Acting Director of the Commission's Office of Investor Education and Assistance (OIEA). Ms. Schock, who is the Deputy Director of OIEA, succeeds Susan Ferris Wyderko, who left the Commission earlier this month after 20 years of service.

Since joining the agency in 2001 as a Staff Attorney and later Special Counsel to the Director, Ms. Schock has traveled across the United States providing investor education workshops and disseminating unbiased investor education materials. She works closely with other federal and state agencies, as well as consumer groups and other organizations committed to financial literacy for Americans of every age and income. Ms. Schock is currently organizing the agency's upcoming Seniors Summit to coordinate efforts to protect older investors from financial fraud.

Chairman Cox said, "I am delighted that Lori has agreed to serve as Acting Director. Her knowledge of the financial literacy landscape and her passion for investor education will prove invaluable to the Commission and the investing public. Because the focus of this Office on retail investors is central to the mission of the SEC, this appointment will put Lori at the center of the action. She is an exceptional leader, a creative thinker, and an outstanding organizer, and I look forward to her joining our management team."

Ms. Schock holds joint Juris Doctor/Master in Taxation degrees from the University of Akron and a Bachelor of Arts degree from Furman University.

http://www.sec.gov/news/press/2006/2006-105.htm