The Need for Fundamental S.E.C. Reform

Earlier this month, former S.E.C Chairman Arthur Levitt published an Op-Ed piece in The New York Times, entitled “Don’t Gut the S.E.C.”  Mr. Levitt sees only two approaches to regulatory reform when it comes to his former agency: on the one hand, retaining the status quo, or, on the other hand, in his words, “gutting” or “eviscerating” the agency.  We are saddened that his debate about regulatory reform has become one more example of a black and white view of governmental reform.  In reality, we agree with Mr. Levitt on what is clearly the most important point:  the clear need for an effective S.E.C. We strongly disagree; however, that the S.E.C. is somehow exempt from the basic need to adapt to changing times, or that more of the same is the right answer.

Read more: The Need for Fundamental S.E.C. Reform — ChamberPost

1 Comment

  • Leavitt To Beaver
    Posted August 27, 2011, 2:23 am 2:23 am 0Likes

    They can start out by doing what Leavitt did with respect to shutting down inefficient regional offices. LA has been and continues to be non cost effective. It makes the old Seattle office Leavitt shut down look good. SF has outperformed LA 50 ways to Sunday despite having half the bodies.

    Why? LEADERSHIP at the top.

    Speaking of that, it’s time for Khuzami to leave, too. While he’s a little better than Cutler was, I am not sure he’s outperfoming Thompson.

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