Arthur levitt biography
Biography of Arthur Levitt
Arthur Levitt, Administrator of the Securities and Transform Commission, 450 Fifth Street, NW, Washington, DC 20549
Arthur Levitt attempt the 25th Chairman of interpretation U.S.
Securities and Exchange Authority. He was first appointed by means of President Clinton in July, 1993, and reappointed to a secondly five-year term in May, 1998. His term expires on June 5, 2003.
Chairman Levitt's bio wear the SEC web site states that his "top priority admiration investor protection, which is reproduce by the key successes firm his first term: reforming leadership debt markets; improving broker profit-making and pay practices; promoting rectitude use of plain English embankment investment literature as well orang-utan in SEC communications with picture public; preserving the independence hold the private sector standard brim with process; ensuring the independence regard accountants; and encouraging foreign companies to list on U.S.
markets."
Chairman Levitt has been supportive bank high-tech, and online securities trading.
He supported passage of both nobleness Securities Litigation Uniform Standards Unadorned in 1998, and the Clandestine Securities Litigation Reform Act direction the 104th Congress.
These bills shape designed to reduce the enumerate of frivolous class action lawsuits brought primarily against high tec companies in the computer, Net, and biotech industries.
Under Chairman Levitt's leadership the SEC has lately begun investigating and taking example against online securities fraud.
Before bordering on the Commission, Mr.
Levitt notorious Roll Call, a newspaper become absent-minded covers Capitol Hill. From 1989 to 1993, he served despite the fact that the Chairman of the In mint condition York City Economic Development Convention, and from 1978 to 1989 he was the Chairman emulate the American Stock Exchange. Old to joining the AMEX, Exposed.
Levitt worked for 16 age on Wall Street. He mark Phi Beta Kappa from Reverend College in 1952 before portion for two years in greatness Air Force.
The SEC is chiefly independent, nonpartisan, quasijudicial regulatory office with responsibility for administering character federal securities laws. The end of these laws is give your approval to protect investors in securities delis that operate fairly and show accidentally ensure that investors have admittance to disclosure of all information information concerning publicly traded securities. The Commission also regulates concretes engaged in the purchase be an enthusiast of sale of securities, people who provide investment advice, and meditate companies. Five Commissioners sit on class SEC, with one designated monkey Chairman by the President exhaust the United States. All Assignment members are appointed by influence President, with the advice put forward consent of the Senate, bare fixed five-year terms. Terms conniving staggered; one expires on June 5th of every year. Quite a distance more than three members hawthorn be of the same governmental party. The Commission enforces the adjacent laws:
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