Bush picks aide as new chief of SEC

WASHINGTON President Bush on Monday selected White House aideRichard C. Breeden, an attorney and banking specialist, to bechairman of the Securities and Exchange Commission.

Breeden, 39, has served in a variety of capacities under Bush,most recently as White House point man on the savings-and-loanrestructuring legislation.

The SEC post requires Senate confirmation.

Breeden would succeed David S. Ruder, who has headed theregulatory body since two months before the October, 1987, stockmarket crash. Ruder announced in May that he was stepping down toaccept a position at Northwestern University's law school, where hewas dean before taking the SEC …