He is a former commissioner of the Securities and Exchange Commission; he was not its chairman.
Steven Wallman, a former commissioner of the Securities and Exchange Commission, established the company in 1998.
In 1937, President Roosevelt named Frank as a commissioner of the Securities and Exchange Commission.
He was a commissioner of the Securities and Exchange Commission from 1973-1975.
Mr. Friedman, 69, a corporate lawyer and a former commissioner of the Securities and Exchange Commission, became dean of the law school three years ago.
"Orange County has joined the ranks of these problems in a big way," said Richard Y. Roberts, a commissioner of the Securities and Exchange Commission.
The proposal had been opposed by three commissioners of the Securities and Exchange Commission, including David S. Ruder, chairman.
Joseph A. Grundfest, a commissioner of the Securities and Exchange Commission, asked.
He has also served as commissioner of the Securities and Exchange Commission and as co-chairman of Debevoise & Plimpton.
The White House announced today that it would nominate Charles C. Cox to a second five-year term as a commissioner of the Securities and Exchange Commission.