he said. ''I would hope the decision would be reversed upon appeal.
More Quotes from Arthur Levitt:
Now, we all understand that directors aren't required to guarantee that their fund has the lowest fees, ... But they are required to ask whether fund investors are getting their money's worth.Arthur Levitt
It is incumbent on us to facilitate the development of a market structure that best assures that these changes benefit the U.S. securities markets as a whole.
Arthur Levitt
Promoting the interaction of orders remains one of the most difficult, but crucially important, challenges we face concerning our national market system.
Arthur Levitt
Our purpose, as we face these challenges, remains clear - fair and orderly markets that allow for efficient capital formation, while protecting the interests of investors.
Arthur Levitt
A careful balance of 'bright-line' rules establishing clear limits, coupled with greater disclosure, seems both warranted and prudent,
Arthur Levitt
I worry the best execution may be compromised by payment for order flow, internalization, and certain other practices that can present conflicts between the interests of brokers and their customers.
Arthur Levitt
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