Arthur Levitt served as the 25th Chairman of the United States Securities and Exchange Commission (SEC), the regulatory agency that oversees many aspects of the stock market. First appointed by President Clinton in July 1993, the President reappointed Chairman Levitt to a second five-year term in May 1998. On September 9, 1999, he became the longest serving Chairman of the Commission. He left the Commission on February 9, 2001.
Coming from a background of 28 years on Wall Street as a broker and chairman of the American Stock Exchange, Arthur Levitt joined the SEC as the bull market of the 1990s was getting underway and would remain through the bust of the technology stock bubble, leaving the agency shortly before the accounting scandals of Enron, WorldCom, et al exploded into the public eye - just the sort of accounting deception he had fought to prevent during his years at the SEC.
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