Securities Investor Protection Corporation Nomination of Three Directors.

The President today announced three persons whom he will nominate to be Directors of the Securities Investor Protection Corporation. They are:

RALPH D. DENUNZIO, of Riverside, Conn., for a term expiring December 31, 1979 (reappointment). DeNunzio, 47, is president and chairman of the executive committee of Kidder, Peabody & Co. In 1971 and 1972, he was chairman of the board of governors of the New York Stock Exchange, the youngest person to hold that office.

BRENTON H. RUPPLE, of Milwaukee, Wis., for a term expiring December 31, 1978 (replacing Glenn E. Anderson, term expired). Rupple, 53, is president and chief executive officer of Robert W. Baird & Co. in Milwaukee.

MICHAEL A. TAYLOR, of New York, N.Y., for a term expiring December 31, 1980 (replacing Henry Meers, term expired). Taylor, 40, is senior vice president, assistant to the chairman, and director of corporate relations for Paine, Webber, Jackson & Curtis. From 1969 to 1971, he was counsel to the House Subcommittee on Consumer Protection and Finance.

The Securities Investor Protection Corporation was established in 1970 to administer an insurance fund for limited investor protection against financial failures of brokerage firms.