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Arthur Levitt

Every individual investor should have certain books on the shelf, including Arthur Levitt's “Take on the Street.” As head of the Securities & Exchange Commission from 1993 through early 2001, Levitt championed individual investors during the great bull market and the emergence of mass investing. Arthur Levitt is the 25th Chairman of the U.S. Securities and Exchange Commission. He was first appointed by President Clinton in July of 1993 and reappointed to a second five-year term in May of 1998, which expires on June 5, 2003. Chairman Levitt has been supportive of high-tech and online securities trading. He supported the passage of both the Securities Litigation Uniform Standards Act in 1998 and the Private Securities Litigation Reform Act in the 104th Congress. Further, under Chairman Levitt's leadership the SEC has recently begun investigating and taking action against online securities fraud. Before joining the Commission, Levitt owned “Roll Call,” a newspaper that covers Capitol Hill. From 1989 to 1993, he served as the Chairman of the New York City Economic Development Corporation, and, from 1978 to 1989, he was the Chairman of the American Stock Exchange. Prior to joining the AMEX, Levitt worked for 16 years on Wall Street.

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