Say What Ya Like

[Josef Svejk]

Humble well, marcos, if you were hoping, like me, that the next SEC dood would be a man/woman "of the pebbles" as opposed to "of the dough," so sorry to disappoint you...

http://quote.bloomberg.com/fgcgi.cgi?ptitle=Top%20Financial%20News&s1=blk&tp=ad_topright_top....

Harvey L. Pitt, a Washington lawyer who has represented Merrill Lynch & Co., the New York Stock Exchange and international accounting firms, is President George W. Bush's choice to head the Securities and Exchange Commission.

[snip]

While representing securities firms and accountants, he has opposed some of Levitt's causes on opening information to investors and dealing with auditors' potential conflicts.

[snip]

Pitt is ``not likely to share Arthur Levitt's interest in pushing the envelope on policies aimed at individual investors,' said Columbia University law professor John Coffee.

Pitt has been a critic of the SEC's Regulation Fair Disclosure, which forbids selective disclosure of company news. While it was still a proposal, he said any rule ``could create a serious problem for public companies that may be made afraid to talk to analysts at all.'

[snip]

Pitt, while representing large U.S. accounting firms, also criticized an SEC proposal that sought to avoid conflicts of interest among auditors whose firms also provide consulting services.

Don't even feel like saying Cheers,

Svejk