The Securities and Exchange Commission has named Susan Ferris Wyderko acting director of the division of investment management. Wyderko, a 20-year SEC veteran who most recently worked as the SEC's director of the office of investor education and assistance, replaces Paul Roye, who resigned in early 2005. Meyer Eisenberg served as acting director until last month, when he left to accept a position as visiting professor of law at Willamette University College of Law.

"Susan's dedication to the interests of individual investors is unmatched, which is especially vital considering more than half of American households own mutual funds," said SEC Chairman Christopher Cox.

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