Commentary

Brett Cenkus
Traders Magazine Online News

President Trump Won't Kill America, Bitcoin Will

In this blog, the author examines how the global cryptocurrency adds one more piece of the pie to a radical shift in the structure of worldwide governance.

Traders Poll

Would the creation of a single central regulator in Canada affect your inter-listed trading strategies?




Free Site Registration

May 31, 2002

Lawmakers Back Pitt

By Gregory Bresiger

The firestorm of criticism about SEC Chairman Harvey Pitt is "much ado about nothing." Pitt is "an honorable, intelligent man who is doing a good job." Those comments came from key committee chairmen in the House of Representatives recently at the Security Traders Association's recent congressional conference. Both Michael Oxley (R-Ohio), chairman of the House Financial Services Committee, and Richard Baker (R-Louisiana), chairman of the House Subcommittee on Capital Markets, made a point of telling trading professionals that Pitt should stay in his post despite the media criticism.

In a recent Wall Street Journal editorial, the paper charged that the former securities attorney has exacerbated the controversies over Enron and Arthur Andersen. "Mr. Pitt hasn't helped his task of restoring trust in corporate governance by the way he's appeared to assist his former industry clients," the editorial stated.

ART-