Arthur Levitt

The Hon. Arthur Levitt was the longest-serving chairman of the Securities and Exchange Commission (from 1993 to 2001) and is widely known as a champion of the individual investor. In addition to his role with Promontory, Mr. Levitt is a senior adviser at the Carlyle Group, a policy adviser to Goldman Sachs, and a director of Bloomberg LP. At the SEC, Mr. Levitt created the Office of Investor Education and Assistance. He was credited with improving the quality of the financial reporting process, strengthening the oversight role of corporate audit committees, creating a regulatory framework that embraced new technology, and promoting competition through order-handling rules. He was previously chairman of New York City Economic Development Corp. for four years and chairman of the American Stock Exchange for 11 years. Before joining the Amex, he worked for 16 years on Wall Street. Mr. Levitt graduated Phi Beta Kappa from Williams College in Williamstown, Mass., and then served for two years in the United States Air Force.