This commission cannot and will not tolerate a pattern of growing restatements, audit failures, corporate failures and massive investor losses, ... Somehow we have got to put a stop to the vicious cycle that has now been in evidence for far too many years.
More Quotes from Harvey Pitt:
I frankly think every one of them who's responsible ... should do hard time for their crimes,Harvey Pitt
Now you sit there and shut up... and the next time the President gets fired up to take strong action against Corporate Crooks, like he did last January, shut your yap, stop worrying about over-regulation and market dips, and let him do it, ... That way I won't have to be the one who's supposed to look tough.
Harvey Pitt
We don't compromise any matters that are ongoing. The SEC chairman has absolutely no role in the day-to-day investigation.
Harvey Pitt
and American investors have lost a great advocate, the legacy that he has left behind will continue to serve them well.
Harvey Pitt
We investigate when we find there may be indications that a problem occurred, ... And if we do investigate, no one, no matter what their position or status is, no one gets a pass.
Harvey Pitt
This is a significant step in addressing major concerns raised by the investing public in light of recent events, ... It is more important than ever that decisive action be taken to restore investor confidence to the financial markets, and I commend the leadership shown by the NYSE.
Harvey Pitt
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