regulators said he will resign by yearend.

Philip A. Feigin, a 50-year-old lawyer and executive director of the North American Securities Administrators Association Inc., said he plans to return to Colorado, where his wife lives, and go into private practice.

Mr. Feigin, who joined the regulators' group in October 1998, said he missed living with his family.

"It's been a great run," he said, "but sometimes you find out some things are more important." Mr. Feigin said he expects to leave Washington by mid-December. Before being appointed to head the group, he had been Colorado's top securities regulator for 10 years.

No successor has been named.

-- Cheryl Winokur

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