William R. McLucas, director of the Securities and Exchange Commission's enforcement division, announced Thursday that he plans to resign "in the next several months."

Mr. McLucas, a 22-year SEC veteran, has captained the enforcement division for eight years - longer than any predecessor. The SEC has yet to decide who will succeed him, a spokesman said.

In a telephone interview, Mr. McLucas said he wanted a change and has not yet decided on his next move. He confirmed he has had discussions with several law firms, but did not rule out a future role in public service.

During his tenure, Mr. McLucas supervised the SEC task force directed at uncovering securities fraud in the bank and thrift industry.

He said his SEC experiences were satisfying, albeit stressful. "If you don't have gray hair when you start you certainly will" when you finish. - Niamh Ring

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