Nomination of Joseph A. Grundfest To Be a Member of the Securities and Exchange Commission

The President today announced his intention to nominate Joseph A. Grundfest to be a member of the Securities and Exchange Commission for the term expiring June 5, 1990. He would succeed Charles L. Marinaccio.

Since 1984 Mr. Grundfest has been serving on the Council of Economic Advisers as counsel and senior economist. Previously, he was an associate with the law firm of Wilmer, Cutler & Pickering in 1979-1984; consultant to the firm of Peat, Marwick & Mitchell in 1979-1980; and an economist and consultant to the Rand Corp. in 1973-1979.

He graduated from Yale University (B.A., 1973) and Stanford University (J.D.). He is married and resides in Washington, DC. He was born October 8, 1951, in New York City.