Statement of Chairman Pitt on New SEC Commissioners
FOR IMMEDIATE RELEASE
Washington, DC, January 23, 2002 Securities and Exchange Commission Chairman Harvey L. Pitt today issued the following statement regarding President Bush's appointment of two commissioners and the resignation of Commissioner Laura S. Unger:
"I am delighted by the reappointment of Commissioner Isaac C. Hunt to the Commission. Commissioner Hunt is an extraordinary public servant who, over the past five years, has helped the Commission achieve many remarkable milestones. That the Commission will continue to benefit from his remarkable insights and thoughtful judgment should be of enormous comfort to investors everywhere.
"I am also delighted to welcome Cynthia A. Glassman to the Commission at a time securities regulation is at a crossroads. I look forward to working with her and calling on her formidable expertise as we embark on an incredible journey to modernize securities regulation for the benefit of investors worldwide.
"At the same time, I am saddened by the departure from the Commission of Commissioner Unger. During her more than four years of service, including six months as acting Chairman, Laura's judgment, intellect, dedication, and common sense benefited investors and our capital markets tremendously. Her work on winning pay parity for Commission employees and fee reductions for investors will benefit millions of Americans. I wish her every success in the future."