Pitt recruiting SEC economist.

Investment News, November, 2001

As part of an effort to focus the Securities and Exchange Commission on economic issues, chairman Harvey L. Pitt said he is looking for a "highly regarded" economist to fill the post of chief economist that has been vacant at the agency for almost a year. Mr. Pitt, speaking at the Securities Industry Association's conference in Boca Raton, Fla., on Friday said he was also looking for a chief technology officer, a newly created position.

In his remarks, he stressed that "one size fits all" regulation is not the direction he hopes the SEC will take on a range of issues, including the importance of firms having sufficient backup systems and contingency plans. He also wants to speed up the approval of new products, saying that taking one year to...

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