Former Securities and Exchange Commission Chairman Arthur Levitt told a RiskMetrics conference of institutional investors that Wall Street’s, Treasury Secretary Henry Paulson’s and President Bush’s to scale back corporate reforms—most notably Sarbanes-Oxley—will ultimately hurt the markets, reports.

“There are enormously well-funded lobbies doing everything they can to stop your efforts at reform,” Levitt said.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.