Pitt: US regulations undermine SEC

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US/UK - Financial legislation pending in the US threatens to overwhelm, emasculate, and undermine independence of the Securities & Exchange Commission, according to the watchdog's former chairman.

Harvey Pitt, head of the Securities & Exchange Commission between 2001 and 2003, said an "onslaught of new regulatory requirements" to be implemented by "embarrassed and beleaguered US regulatory b...

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