Departing SEC chairman wins a standing ovation

US - Harvey Pitt delivered his valedictory speech to the securities industry Friday, with a defence of his record as chairman of the Securities and Exchange Commission and a sideswipe at the partisanship that, he implied, had made the job impossible.

Mr Pitt resigned from the post on Tuesday after 15 months of controversy and allegations that he was too close to the accounting profession and too slow to react during a period of upheaval and lack of confidence in corporate America, the

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