Harvey Pitt
Harvey Pitt
Harvey Pittwas the 26th chairman of the U.S. Securities and Exchange Commission, serving from 2001-2003...
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,
audit cannot commission corporate cycle evidence failures far growing investor massive pattern somehow stop tolerate vicious
This commission cannot and will not tolerate a pattern of growing restatements, audit failures, corporate failures and massive investor losses, ... Somehow we have got to put a stop to the vicious cycle that has now been in evidence for far too many years.
action addressing commend concerns confidence decisive events financial investing investor leadership light major public raised recent restore shown step taken
This is a significant step in addressing major concerns raised by the investing public in light of recent events, ... It is more important than ever that decisive action be taken to restore investor confidence to the financial markets, and I commend the leadership shown by the NYSE.
bedrock confidence investor
Investor confidence is the bedrock of our markets,
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.
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.
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.
attorney conclusion further inquiry practices recent reinforced resulted staff state uncovered york
The recent disclosures that resulted from the investigation by the New York state attorney general, as well as the practices uncovered by the staff of the SEC, the NYSE and NASD, reinforced the commission's conclusion that further inquiry is warranted,
actions acts division heard including linked looking market reports subjects terrible terrorist variety
We've heard those reports about terrorist involvement in our markets. Our enforcement division has been looking into a variety of market actions that could be linked to these terrible acts including the subjects of the rumors,
charge evidence fraud
Those things we were able to do because we were able to charge fraud and we had all the evidence we needed,
closely direction goal market normal respect result short trading
With respect to short selling, ... the goal of all of us is to have a market that most closely approximates the normal trading environment. As a result of that, you can tell in which direction we will probably be leaning.
economic physical
This is not an economic problem, it's a physical catastrophe,
paid
they shouldn't be paid when they don't produce.
impact public
any restrictions that we think have an impact on public investors.