The Securities and Exchange Commission will welcome two new commissioners, and bid farewell to former interim-chair Laura Unger.

U.S. President Bush has appointed two commissioners to the SEC, Issac Hunt and Cynthia Glassman. Laura Unger, who filled in as chair before current chair Harvey Pitt took over for Arthur Levitt, is leaving.

“I am delighted by the reappointment of Isaac Hunt,” sais Pitt. “That the commission will continue to benefit from his remarkable insights and thoughtful judgment should be of enormous comfort to investors everywhere.”

He also welcomed Glassman, saying “I am also delighted to welcome Cynthia Glassman to the commission at a time when securities regulation is at a crossroads. I ook forward to working with her and calling on her formidable expertise as we embark on an incredible journey to modernize securities regulation for the benefit of investors worldwide.”

“At the same time, I am saddened by the departure of commissioner Unger. Laura’s judgment, intellect, dedication, and common sense benefited investors and our capital markets tremendously. Her work on winning pay parity for commission employees and fee reductions for investors will benefit millions of Americans. I wish her every success in the future.”

The SEC also announced the appointment of Linda Chatman Thomsen as deputy director of the Division of Enforcement. Thomsen succeeds Stephen Cutler, who was appointed director of the division in October 2001 by Pitt.