11.   But Davis said that while the creation of an oversight board was likely, it was only one option available to lawmakers.

12.   But Republicans said they had not changed any of the main provisions of the proposal for an outside oversight board.

13.   But the document still must win approval from the five-member oversight board, which meets next week to discuss it.

14.   But, he added, the SEC should not manage the oversight board.

15.   By contrast, the oversight board was specifically designed by Congress to be free of such inhibitions, he said.

16.   Chiles put him in charge of a financial oversight board to help steer the city of Miami away from bankruptcy.

17.   Congress set up an oversight board for District of Columbia finances last year.

18.   Creating an oversight board might also be a way of responding to a recent report by the U.S. Civil Rights Commission, which accuses the police of racial profiling.

19.   Critics have said that the oversight board, as well as the American Institute of Certified Public Accountants, have been too lax in their supervision of unethical accountants.

20.   Consumer groups agree, saying the SEC would not give its oversight board enough independence from the accounting profession.