Wall Street veteran tops SEC list as new chief

President Bush has chosen investment banker William H. Donaldson to head the Securities and Exchange Commission, replacing Harvey Pitt who resigned under pressure amid a spate of corporate scandals, Republican officials said Tuesday.

Bush planned to announce his choice later today, said the officials, who spoke on condition of anonymity but were informed by the White House of the president's choice.

Donaldson, co-founder of investment banking firm Donaldson, Lufkin & Jenrette, was nominated

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