Harvey Pitt
Harvey Pitt
Harvey Pittwas the 26th chairman of the U.S. Securities and Exchange Commission, serving from 2001-2003...
fine formidable lawsuit taken
They are formidable and they are very fine lawyers, and I think they and their lawsuit have to be taken seriously.
absolutely chairman compromise matters role
We don't compromise any matters that are ongoing. The SEC chairman has absolutely no role in the day-to-day investigation.
confidence goal immediate number profession restoring
I place restoring the public's confidence in the auditing profession to be immediate goal number one,
frankly hard time
I frankly think every one of them who's responsible ... should do hard time for their crimes,
bedrock confidence investor
Investor confidence is the bedrock of our markets,
critics gives investors needs opportunity public raise serve sure utmost
I don't want to do anything that gives our critics an opportunity to raise issues, but the SEC needs my leadership, ... Public investors need my leadership. And we are going to do our utmost to make sure we serve them.
abandoned anyone believe complaint last recall section time
I do not believe that anyone can recall the last time a complaint prevailed under Section 18. It has long been abandoned as a resource.
analyst changes confidence enhance facilitate help immediate investor meaningful protect research resolution swift
Swift and appropriate resolution of these investigations will protect investors, facilitate the implementation of immediate and meaningful changes in research analyst and IPO allocation practices, and help enhance investor confidence in the marketplace,
agency stronger wants
This has nothing to do with the chairman.... He wants the agency to be stronger and better than ever when he leaves.
behind continue great investors left legacy lost serve
and American investors have lost a great advocate, the legacy that he has left behind will continue to serve them well.
benefit engaged meetings
The meetings that I engaged in were proper. They were for the benefit of investors.
additional address announcing authorized clear conduct core critically duties events fiscal fully fund immediate improve including markets money morning needs parity pay president program receive recent securities staff strengthen whose
It is clear from recent events -- including the program the president is announcing this morning to improve and strengthen the duties of those whose conduct is at the core of our securities markets -- that the SEC critically needs to receive additional money in fiscal 2003 to fully fund pay parity and that we should be authorized to add new staff to address pressing immediate needs,
believe best continue dedication integrity interest investors judge people proven record served time
Judge Webster's proven integrity and long record of accomplishment would have served the American people well, as it has time and time again, ... I continue to believe that investors would have benefited from Judge Webster's dedication to the best interest of the American people.