Treasury Department announces major plans for financial regulatory reform.

• Position: Disciplinary actions

Treasury Secretary Henry M. Paulson Jr. on Mar. 31 announced a plan to overhaul regulation of the nation's financial system (www. treasury.gov). The proposals, called the Blueprint for Financial Regulatory Reform, would represent the most sweeping financial oversight changes since the early 1930s after the Great Depression.

Among Paulson's recommendations are to:

* Combine the Securities and Exchange Commission with the Commodity Futures Trading Commission.

* Eliminate the Office of Thrift Supervision that oversees banks and savings and loan institutions and have its responsibilities assumed by the Office of the Comptroller of the Currency.

* Create a Mortgage Origination Commission that would set new minimum licensing standards for mortgage originators.

As a result of an investigation of alleged violations of the Codes of Professional Conduct of the AICPA and/or state CPA societies, the following ethics case has been resolved by settlement agreement under the Joint Ethics Enforcement Program.

* Kive I. Strickoff of Merrick, N.Y., suspended from membership in the AICPA and the New York State Society of CPAs for a period of one year, effective Jan. 29, 2008.

In lieu of an investigation of alleged violations of the Codes of Professional Conduct of the AICPA and/or state CPA societies, the following ethics case has been resolved by a settlement agreement under the Joint Ethics Enforcement Program:

* Frank E. DiSiena of Somers, N.Y., suspended from membership in the AICPA and the New York State Society of CPAs for a period of one year. effective Dec. 18, 2007.

Under the automatic disciplinary provisions of the Institute's bylaws, the following members have had their AICPA memberships:

--Terminated following...