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Arthur Levitt

Over the past two decades, we have clearly seen an erosion of ethical values.

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Our role is to maintain and monitor a framework in which fair competition can flourish.

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What must occur is a greater recognition by investors of their individual responsibility.

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I think we have got to start thinking about banding together in terms of interested groups.

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The tension between centrality, on the one hand, and competition, on the other, is probably the oldest of all market structure issues.

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One way for investors to protect themselves from a rapid change in the price of a stock is to use a limit order rather than a market order.

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Once again, stock markets have been threatened with extinction for almost 75 years, and I have found that stock markets are harder to kill than roaches.

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Promoting the interaction of orders remains one of the most difficult, but crucially important, challenges we face concerning our national market system.

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It is incumbent on us to facilitate the development of a market structure that best assures that these changes benefit the U.S. securities markets as a whole.

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Although the Internet makes it seem as if you have a direct connection to the securities market, you don't. Lines may clog; systems may break; orders may back-up.

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