Arthur Levitt to Leave Policy Advisory Role at Goldman
This article is for subscribers only.
Arthur Levitt, the former chairman of the U.S. Securities and Exchange Commission, said he will leave his role as a policy adviser to Goldman Sachs Group Inc. at the end of the year.
Levitt, 83, took on the position in June 2009, as the bank was preparing to repay $10 billion of government aid received in the credit crisis and U.S. lawmakers were overhauling regulation of financial firms. A year later, Goldman Sachs agreed to pay $550 million to settle SEC claims over sales of a mortgage-related security and began reviewing its business standards.