Harvey Pitt
Harvey Pitt
Harvey Pittwas the 26th chairman of the U.S. Securities and Exchange Commission, serving from 2001-2003...
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.
belong closely criminal fraud jail money people policy stage
When people lie, if they play games, if they take money that doesn't belong to them, they are going to go to jail, ... We're working very closely with the criminal authorities and our new certification policy ... will set the stage for people to go to jail for fraud if they misstate their financials.
investment lots meet people
We meet with lots of people ... we meet with representatives of many investment groups,
analyst group information lead less might people problem publishing select trading widespread
If the analyst is communicating his findings to a select group of people and it might lead to proprietary trading by his employer, then you might have problems. But if he is publishing information for a widespread audience, I have less of a problem with it,
asked hit job people wonderful
Nah, ... He just asked us over here to tell us what a wonderful job the American People think we're doing! Now hit this!
advise against becomes material temporary
I would advise them against it, ... Of course, one would have to distinguish between material and non-material information. But the analyst, at a minimum, becomes a temporary insider.
gets matter position problem status
We investigate when we find there may be indications that a problem occurred, ... And if we do investigate, no one, no matter what their position or status is, no one gets a pass.
relationships
We'll come down with a sledgehammer on any improper relationships, any improper conflicts.
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.
correct created crisis current enormous fix hard leadership mistakes problems since strides taken
Since I have taken on the leadership of the commission, we have been working hard to fix the problems that have created the current crisis of confidence, and we have been making enormous strides to correct the mistakes and abuses of the past,
action against corporate fired gets last market next president shut sit stop strong supposed time worrying
Now you sit there and shut up...and the next time the President gets fired up to take strong action against Corporate Crooks, like he did last January, shut your yap, stop worrying about over-regulation and market dips, and let him do it, ... That way I won't have to be the one who's supposed to look tough.
assets corporate officers orders past prevent preventing seeking senior
We're seeking orders that will prevent any dissipation of assets or payouts to senior corporate officers past or present, and preventing any destruction of documents.
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.
companies further identified require whose
We've identified those companies whose filings we think will require further review,