The Securities and Exchange Commission announced Friday that Meyer Eisenberg, the SEC's deputy general counsel since 1998, will serve as acting director of the division of investment management, replacing Paul Roye.

As deputy general counsel, Eisenberg has been principal liaison between the SEC's general counsel office and the division.

"Mike is a distinguished member of the securities bar, and his history of service to the Commission and to the investing public is unmatched," SEC Chairman William Donaldson said in a statement. "I am delighted that he has agreed to serve as acting division director during this interim period."

After previously serving at the Commission between 1959 and 1970, Eisenberg turned to private practice and, later, to teaching law at Georgetown University. A graduate of Brooklyn College, he earned his law degree from Columbia.

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