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For Immediate Release:
November 1, 2002
For More Information:
Ed Mierzwinski, Liz Hitchcock
202-546-9707

PIRG Sends SEC Chairman Harvey Pitt Letter Calling For Resignation
Statement of U.S. PIRG Consumer Program Director Ed Mierzwinski

Following revelations that SEC Chairman Harvey Pitt withheld material
information from other commissioners about Judge William Webster's
involvement in a serious audit failure, we sent a letter to Pitt today
urging his resignation. We believe that only Pitt's resignation, and the
replacement of Judge Webster as chairman of the new accountant oversight board with the more qualified John Biggs, will restore investor confidence in the markets.

Download the letter.

U.S. PIRG is the national lobbying office for state Public Interest
Research Groups. PIRGs are non-profit, non-partisan public interest
advocacy groups active around the nation.

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