July 26, 2001 |
Arthur Levitt Jr. the longest-serving chairman of the Securities and Exchange Commission, is rejoining the board of M&T Bank Corp. (ticker symbol: MTB) in Buffalo, N.Y., as a director. Levitt, 70, served as director of the bank from 1987 until 1993, when he was appointed to the SEC by President Clinton. Levitt left the SEC in February.
April 26, 2001 |
Arthur Levitt, former chairman of the Securities and Exchange Commission, signed a deal to write a book detailing the financial world for the individual investor, Knopf Publishing Group said Wednesday. "This book will be a distillation of everything I learned during my eight years at the Securities and Exchange Commission and in my three decades on Wall Street," Levitt said in a statement. Terms were not disclosed.
January 21, 2001 |
Arthur Levitt is trying to rally public support for a plan to give shareholders a say in how their companies dole out stock option grants--the lucrative deals that can provide a windfall for corporate insiders at what some critics say is the expense of stockholders. This isn't a new issue for Levitt, the outgoing chairman of the Securities and Exchange Commission and a leading advocate for investor rights.
November 4, 2000 |
SEC Chairman Arthur Levitt, approaching the end of his long tenure, is pushing mutual fund directors to reduce commissions that funds pay to brokerages, much of which are being passed on to investors. Levitt also is threatening action if companies continue to give stock options to executives without shareholders' approval.
September 16, 1999 |
Securities and Exchange Commission Chairman Arthur Levitt is expected to criticize the day-trading industry at a Senate hearing today, saying recently completed investigations of some firms show "lax compliance" with securities laws that raise "serious concerns." The SEC has recently finished 40 examinations of day-trading firms to determine whether they skirt rules governing, among other things, "short" selling of stocks and the extension of credit to customers.
May 20, 1999 |
Sen. Carl Levin of Michigan plans to seek changes to government ethics rules after criticizing Securities and Exchange Commission Chairman Arthur Levitt for helping a subordinate get a senior job at Bear Stearns Cos. while the New York firm faced an SEC investigation. Levin, ranking Democrat on a Senate panel that oversees government ethics programs, wants rules to forbid an agency chief from initiating calls to help underlings find private-sector jobs, an aide said.