WASHINGTON -- Elisee B. Walter, a former SEC official who played a key role in developing the commission's disclosure proposals for municipal bonds, has been appointed general counsel of the Commodity Futures Trading Commission.

Walter, who was deputy director of the Securities and Exchange Commission's division of corporation finance, joined the futures commission last Monday.

Walter replaces Pat Nicolette, who had been acting general counsel after Joanne Medero left the futures commission in June to join the law firm of Orrick, Herrington & Sutcliffe in New York.

Walter was at the SEC for 17 years, initially in the office of general counsel and later in the division of corporation finance. No one has been named to take her place at the SEC, commission sources said.

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