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
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.
Our role is to maintain and monitor a framework in which fair competition can flourish.
It has been almost 30 years since significant steps were taken to improve the mutual fund governance structure, ... Whether shareholders realize it or not, how directors fulfill their responsibilities directly affects them every day.
The American economy is the eighth wonder of the world. The ninth is the economic ignorance of the American people.
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.
Our markets have not achieved their great successes as a result of government fiat, but rather through efforts of competing interests working to meet the demands of investors and to fulfill the promises posed by advancing technology.
That also has put pressure on analysts to report favorably on a company in order to maintain access to inside information,
From my own personal experience the best CEOs that I have ever known are the ones that don't care very much about the day-to-day fluctuations of their shares.
Fund directors should be on the front lines in defense of shareholder interest,
Now, we all understand that directors aren't required to guarantee that their fund has the lowest fees, ... But they are required to ask whether fund investors are getting their money's worth.
Richard is a multifaceted kind of guy. He can probably do anything he sets his mind to.
What must occur is a greater recognition by investors of their individual responsibility.
This is bound to inflame investor passion. Evidently, Raymond did a first-rate job. Why do they want to hurt his legacy and his image by creating a compensation package that is so skewed and so unnecessary?