Arthur Levitt
Arthur Levitt
Arthur Levitt Jr.was the twenty-fifth and longest-serving Chairman of the United States Securities and Exchange Commissionfrom 1993 to 2001. Widely hailed as a champion of the individual investor, he has been criticized for not pushing for tougher accounting rules. Since May 2001 he has been employed as a senior adviser at the Carlyle Group. Levitt previously served as a policy advisor to Goldman Sachs and is a Director of Bloomberg LP, parent of Bloomberg News...
NationalityAmerican
ProfessionPublic Servant
Date of Birth3 February 1931
CountryUnited States of America
Promoting the interaction of orders remains one of the most difficult, but crucially important, challenges we face concerning our national market system.
Although the Internet makes it seem as if you have a direct connection to the securities market, you don't. Lines may clog; systems may break; orders may back-up.
One way for investors to protect themselves from a rapid change in the price of a stock is to use a limit order rather than a market order.
Another misconception is that an order is canceled when you hit 'cancel' on your computer. But, the fact is it's canceled only when the market gets the cancellation.
Our purpose, as we face these challenges, remains clear - fair and orderly markets that allow for efficient capital formation, while protecting the interests of investors.
That also has put pressure on analysts to report favorably on a company in order to maintain access to inside information,
I worry the best execution may be compromised by payment for order flow, internalization, and certain other practices that can present conflicts between the interests of brokers and their customers.
The best companies, the most solidly managed companies, are ones that are managed for the future that don't focus on the price of the shares.
Once again, stock markets have been threatened with extinction for almost 75 years, and I have found that stock markets are harder to kill than roaches.
I've had my dream job. I have been able to work on issues that I have been deeply passionate about since I first began my career in the securities business nearly 38 years ago,
Taxes are one of the most significant costs of investing in mutual funds,
What must occur is a greater recognition by investors of their individual responsibility.
do whatever was possible to expedite the process.
This is the best hope that the investor community has today, ... This is the first time that a group made up of this type of individuals has come out for expensing stock options and curbs on the excessive compensation executives have been receiving.