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FORMER AICPA LAWYER TAKES THE HELM AT SEC.

Harvey Pitt, corporate lawyer and former general counsel to the SEC under President Jimmy Carter, has been confirmed as SEC chairman. He replaces Laura S. Unger, who has served as acting SEC chairwoman since Arthur Levitt's resignation in February.

As the SEC's top dog, Pitt, who is a Republican, will oversee many of the industries he used to represent as a partner with the New York-based law firm of Fried, Frank, Harris, Shriver & Jacobson. Pitt's clients have included the Big Five, brokerage houses, the NYSE, the AICPA, the Securities Industry Association and the Investment Company Institute.

Pitt was involved in negotiations with the SEC regarding its proposals to limit auditor independence by preventing accountants from engaging in consulting services.
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Title Annotation:Harvey Pitt
Publication:California CPA
Article Type:Brief Article
Geographic Code:1USA
Date:Sep 1, 2001
Words:119
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