Head of Main U.S. Finance Watchdog Resigned

World | November 6, 2002, Wednesday // 00:00

The embattled chairman of the US Securities and Exchange Commission (SEC), Harvey Pitt, has resigned. The head of the main finance watchdog, who was appointed only a year ago, had been under heavy pressure over his response to the numerous corporate financial scandals over the last year. The White House accepted the resignation, although only last week it had offered renewed backing for tenure. Mr Pitt, however, will stay until a successor is found.

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