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SEC Announces ‘Investor Summit’

May 1, 2002

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WASHINGTON (AP) _ The Securities and Exchange Commission will hold its first ``investor summit″ on May 10 to give ordinary investors a chance to ask questions and comment on the agency’s actions in the aftermath of Enron’s collapse.

The summit will be held at the SEC’s headquarters in Washington and broadcast over the Internet.

The Enron debacle and the role of its former auditor Arthur Andersen, along with recent accounting failures at other big companies, have made many investors wary of the accuracy of corporate financial reports and skittish about the market.

``The challenges that confront individual investors and our capital markets did not arise overnight, but neither can they be tolerated any longer,″ SEC Chairman Harvey Pitt said Wednesday. ``As we work with lawmakers, regulators, consumer organizations and industry groups, there is no more important voice for us to hear than that of the investing public.″

The summit will begin with a panel discussion moderated by Pitt. In another session, Pitt, SEC commissioners and SEC division directors will respond to questions and comments from the public.

People who want to ask questions ahead of time may send an e-mail to summitsec.gov or call (877) 404-3222. Questions can also be submitted during the event.


On the Net:

Securities and Exchange Commission: http://www.sec.gov

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