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CFTC COMMISSIONER FOWLER WEST NAMED NASAA EXECUTIVE DIRECTOR

 WASHINGTON, Nov. 18 ~PRNewswire~ -- Fowler C. West, two-term commissioner on the Commodity Futures Trading Commission (CFTC) and 20-year Capitol Hill staff veteran, will begin serving in early 1993 as the new executive director of the North American Securities Administrators Association (NASAA), according to NASAA President Barry C. Guthary, who also is director of the Massachusetts Securities Division.
 "We are extremely pleased to have been able to attract to our ranks someone with such an outstanding record of public service, particularly in terms of safeguarding the interests of small investors," Guthary said. "It is our expectation that Fowler West will further elevate the profile of state securities regulators on Capitol Hill in the new administration and with co-regulators and industry organizations."
 "I am honored to have been selected to work on behalf of a group that will allow me to continue working on behalf of small investors," West said. "I look forward to helping carry out the agenda of state securities regulators in what promises to be an exciting period of change here in Washington."
 West is expected to assume the top staff position in NASAA during January 1993. He will succeed acting executive director and former Maryland Securities Commissioner Ellyn L. Brown. In August, Lee R. Polson, who had served as NASAA executive director since January 1989, returned to private practice at King, Polson and Associates in Austin, Texas, where he concentrates on securities and financial regulatory matters. In the United States, NASAA is the organization of the 50 state securities divisions. The membership of the association also includes the investment regulators of the provinces and territories of Canada, Mexico and Puerto Rico.
 West was honored by the NASAA membership in March 1992 for the impressive record on small investor issues he has compiled in a decade of service as a CFTC commissioner. Among his duties at the CFTC was serving as chair of the Advisory Commission on CFTC-State Cooperation, which brought him into close and regular contact with several state securities regulators.
 West was sworn in on Aug. 2, 1988, to serve his second term as CFTC commissioner. West was confirmed by the U.S. Senate on June 9, 1988. Before being appointed to the CFTC, West was staff director from 1973-1982 of the House Committee on Agriculture, serving under three consecutive chairmen, including now-Speaker of the House Tom Foley (D-Wash.) and Rep. E. "Kika" de la Garza (D-Texas), who is the current chair. In 1974, he received the Congressional Staffer of the Year Award and also was chosen to serve as president of the Congressional Staff Club. It was in 1963 that West commenced his almost two decades of work as a staffer in the House of Representatives.
 He is a 1963 BA graduate of the Baylor University in Waco, Texas. West received a master's degree in 1980 from George Washington University. He was awarded a law degree in 1988 from Georgetown University Law Center. West was born in 1940 in Waco. He resides in Alexandria, Va., is married, and has three sons.
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 ~CONTACT: Scott Stapf of the Hastings Group, 703-276-1116, for the North American Securities Administrators Association~


CO: North American Securities Administrators Association ST: District of Columbia IN: SU: PER

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Date:Nov 18, 1992
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