Paul R. Carey is a young man of great intelligence and unwavering sound judgment. My enthusiasm for him is shared by many of my colleagues who have had occasion to work with him in his capacity as special Assistant to the President for Legislative Affairs.
The son of New York's legendary governor, Hugh L. Carey, Paul has lived most of his life in New York. Born in Brooklyn and raised in Albany, he received his Bachelor's degree in Economics from Colgate University. His professional career began with securities work for Donaldson, Lufkin & Jenrette in Manhattan and then with First Albany Corporation in Albany, New York.
Paul Carey has an extraordinary knowledge of government and how it works and how it is supposed to work. He has served as an advisor to the President on banking and financial matters devoting a considerable portion of his time to matters directly related to the Securities and Exchange Commission.
We have a rare opportunity to bring an individual of high intellect and
flawless integrity to a position of critical importance. I commend the President for
bringing his name forward and I urge the committee to support his nomination.
It is my pleasure today to support Laura S. Unger for confirmation to the position of Commissioner of the Securities and Exchange Commission (SEC).
Ms. Unger was born in New York City. After graduation from the University 'of California at Berkeley in 1983, she returned to the city to attend New York Law School.
It was during law school that Ms. Unger began her work with SEC matters. As a summer associate and law clerk at Moskowitz Altman and Frankel, she assisted in preparing documents and filings for private placements, initial public offerings, exchange listings and annual and quarterly reports filed with the Commission.
Ms. Unger went to work for the SEC as a Staff Attorney and moved to Washington in 1989. In this position she worked on investigations and cases involving insider trading, financial fraud and other violations of Federal securities laws.
Ms. Unger's most recent experience working for Senator D'Amato, first as an SEC Congressional Fellow and then as Counsel, has added valuable experience to Ms. Unger's repertoire and knowledge of the workings of the SEC.
Ms. Unger currently serves as Securities Counsel to the Senate Banking Committee. She has gained a solid understanding of securities issues and helped craft a number of bills that have become law, including the National Securities Market improvements Act of 1996, the Securities Litigation Reform Act of 1995, and the Small Business Loan Securitization and Secondary Market Enhancement Act of 1994.
I thank the President for bringing Ms. Unger's name forward and I urge my
colleagues to approve her nomination.
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