SAC Capital Advisors LP employees gathered in the hedge fund’s cafeteria on July 21, 2008, for a seminar by former Securities and Exchange Commission Chairman Harvey Pitt on compliance and how to prevent insider trading.
U.S. regulators failed to act on “a gift” of a tip from Paulson & Co. Inc. that a major brokerage had approached the hedge fund to solicit help in a scheme to manipulate markets, former Securities and Exchange Commission Chairman Harvey Pitt said.
The law governing how brokers serve their clients has done a poor job of keeping up with the realities of the marketplace, Harvey Pitt, a former chairman of the U.S. Securities and Exchange Commission, said today.
The U.S. Securities and Exchange Commission’s internal watchdog has castigated the agency for missing the Bernard Madoff fraud, spotlighted employees who viewed online pornography and called for a criminal probe into the ethics of the SEC’s former top lawyer.
Harvey Pitt, former Securities and Exchange Commission chairman, says after IntercontinentalExchange Inc. buys Euronext, it will "spin off the equities business." Pitt talks with Bloomberg's Tom Keene and Michael McKee on Bloomberg Radio's "Bloomberg Surveillance."
Nov. 29 (Bloomberg) -- Former SEC chairman Harvey Pitt explains the process following reception of a Wells Notice from the SEC and what is next for the commission after chairman Mary Schapiro steps down in December. He speaks on Bloomberg Television's "Market Makers."
Harvey Pitt, chief executive officer of Kalorama Partners LLC and former chairman of the U.S. Securities and Exchange Commission, discusses the guilty verdict in the criminal trial of Galleon Group LLC co-founder Raj Rajaratnam.