Pitt's Latest Liberal Critic
Traders Magazine, August 2002
Common Cause, a liberal lobbying group based in Washington, questions if SEC Chairman Harvey Pitt can run the agency in a fair and open manner. And the group, at its Web site, has recently published a collection of quotes from Pitt. These comments demonstrated that Pitt has been compromised because of prior links to the accounting and securities industries, according to Common Cause officials. Among them are quotes attributed to him in The New York Times on July 18. "This will probably sound self-serving," Pitt told the Times, "but the fact is that it is an enormous advantage to the public to have somebody who knows about the securities business and the securities laws as I do, and it would be unthinkable to deprive people of my expertise."
All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.