Commentary

Alissa Knight
Traders Magazine Online News

Top 10 Trends in Cybersecurity, 2019: User Experience and Machine Learning

2019 will be the year CISOs focus on frictionless user experience, machine learning, and orchestration according to Aite Group.

Traders Poll

If Members Exchange (MEMX) gets SEC approval and launches, do you think it will force downward pressure on market data fees?




Free Site Registration

April 30, 1998

Senate Confirms Levitt's Renomination

By Jeffrey L. Winograd

Securities and Exchange Commission Chairman Arthur Levitt has survived the chill in his relations with Sen. Phil Gramm (R-Texas) and Sen. Lauch Faircloth (R-N.C.).

As previously reported, the lawmakers were unhappy with Levitt's support for new derivative-related rules initially proposed by the Financial Accounting Standards Board. Politically, the worst is now behind Levitt.

The Senate Banking Committee Chairman, Sen. Alfonse D'Amato (R-N.Y), asked the Senate to move Levitt's nomination for a second term by unanimous consent.

He got his way, albeit on a voice vote and with most members out of town. Levitt's second term will expire June 5, 2003.