Sheldon Rappaport
SEC, World Bank Analyst

Sheldon Rappaport, 76, a securities
market regulatory expert who worked
at the Securities and Exchange Commission
and the World Bank, died of
congestive heart failure July 5, 2006  at the
Washington Home hospice.

Mr.Rappaport, an SEC lawyer from 1961
until 1982, worked initially on a special study
of the markets that proved to be a springboard for many
significant changes in the nation's securities
laws. He wrote the over-the-counter and mutual fund chapters
ofthe study.

He then became special counsel in the
divisionof market regulation,
co-authoring another study, "PublicPolicy
Implicationsof Investment
Company Growth,"in 1966. He also was an
adviser on a 1970 institutional investor study and a 1979
special study of options markets.

Mr.Rappaport became associate director
of the divisionof market
regulation,then deputy director in 1982,
supervising the SEC's staff
oversight of the stock and options
exchanges and the NASDAQmarket.
He moved to the World Bank in 1982. As a
senior financial affairs
adviser, he was an oft-quoted spokesman
for the bank until he retired
in 1992.

In retirement, he became an arbitrator with
the National Association of Securities Dealers
and was a consultant to the regulatory programs for
the Egyptian and Philippine stock exchanges.

A native Philadelphian, Mr. Rappaport
graduated from Temple University,
then received a law degree in 1955 from the
University of Pennsylvania.
He worked in private practice for two years
before moving to Washington in 1958 to be a
lawyer in the U.S. Customs Bureau.

Away from work, he was devoted to the
theatrical career of his wife,
Barbara Rappaport, a well-known local
actress.

Survivors include his wife of 52 years, of
Silver Spring; two children,
Steven Rappaport of North Bethesda and
Nancy Rappaport of Silver
Spring; and two grandchildren.