Harvey Pitt
Harvey Pitt
Harvey Pittwas the 26th chairman of the U.S. Securities and Exchange Commission, serving from 2001-2003...
congress media program proud
What I think we've come up with has been deliberately mischaracterized in the media, and I think the program we have is something that this Congress should be proud of,
address board capable confident faces issues judge strong wisdom
under Judge Webster's capable leadership, I'm confident that this strong board will address the important issues it faces with wisdom and expedition.
ancient move reason unless
Unless there's a reason to re-open ancient history, we should move on,
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.
investment lots meet people
We meet with lots of people ... we meet with representatives of many investment groups,
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.
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.
relationships
We'll come down with a sledgehammer on any improper relationships, any improper conflicts.
companies further identified require whose
We've identified those companies whose filings we think will require further review,
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,
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.
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,