Statement by SEC Commissioner

by

Commissioner Cynthia A. Glassman

U.S. Securities and Exchange Commission

Washington, D.C.
November 6, 2002

I am sad and disappointed that Chairman Pitt has resigned. His departure will be a loss for the investing public, the SEC, and me personally. Despite the controversies during his tenure, under Harvey’s leadership, the Commission did outstanding work on behalf of American investors. I believe strongly that Harvey is a man of integrity and has always had the best intentions for the Commission.

Going forward, it is important for investors to understand that the work of the Commission will continue. We have an excellent, dedicated, and hard working staff.

I appreciate Harvey’s offer to ease the transition, and I will do everything in my power to continue to carry out the agency’s mission.

http://www.sec.gov/news/speech/spch601.htm