January 28, 2002
Careful readers of The Times on Jan. 24 must have been thoroughly confused about plans to upgrade the regulation of the accounting profession under the aegis of the Securities and Exchange Commission. "SEC Chief Pushes Accounting Agenda" (Business) reported correctly that the SEC opposes any accounting regulatory system that is directly under the control of a profession it is designed to discipline. That is what I said on Jan. 17 at a news conference in Washington, and what I said on Jan. 23 in a speech in San Diego.
May 11, 2001 |
President Bush on Thursday officially nominated Harvey L. Pitt, one of the nation's leading securities lawyers, to be chairman of the Securities and Exchange Commission. The decision, which had been expected since early this week, caps a lengthy search by the Bush administration to fill the position of the nation's top securities cop. If confirmed by the Senate, the 56-year-old Pitt would replace Arthur Levitt, who resigned in February after a record 7 1/2 years at the helm of the agency.
October 10, 2002 |
Congress' two top Democrats wrote to President Bush on Wednesday seeking the resignation of Securities and Exchange Commission Chairman Harvey L. Pitt and questioning the SEC chief's handling of the creation of a national board to police corporate accounting. Senate Majority Leader Tom Daschle (D-S.D.) and House Minority Leader Richard Gephardt (D-Mo.
August 6, 2002 |
Securities and Exchange Commission Chairman Harvey L. Pitt's one-year pledge to sit out votes on cases involving former clients has expired, leaving him free to act on all issues before the agency. The former securities lawyer, who was sworn in as SEC chairman a year ago last Saturday, said he will decide whether to participate in agency actions case by case. Those judgments may include whether to vote on possible civil charges against bankrupt energy trader Enron Corp.
July 25, 2002 |
Harvey L. Pitt, the chairman of the Securities and Exchange Commission, was acting on his own when he asked Congress for a promotion and a raise, White House spokesman Ari Fleischer said Wednesday. President Bush did not know about the request until he read news accounts about it, Fleischer said. Still, Fleischer declined to criticize Pitt, saying: "I think it's always a prerogative of independent agencies to talk to Congress."
October 10, 2002
The recent conduct of Harvey L. Pitt, chairman of the Securities and Exchange Commission, is a sharp reminder of why the nation's chief fiscal watchdog needs watching. Despite his promises to clean up the accounting industry, Pitt is mired in his own flagrant conflicts of interest. He is also reported to be backpedaling on appointing a strong independent oversight commission.