SECURITIES AND EXCHANGE COMMISSION HISTORICAL SOCIETY
THE ROUNDTABLE ON ENFORCEMENT
Wednesday, September 25, 2002
Introductory Speakers: Theodore A. Levine, President, SEC Historical Society and Harvey L. Pitt, chairman, U.S. Securities and Exchange Commission
Panel Moderators: Irving M. Pollack and Stanley Sporkin
Panel One: Theodore Altman, Thomas Rae, Richard H. Rowe, David Silver and Theodore Sonde
Panel Two: David P. Doherty, Benjamin Greenspoon, Theodore A. Levine, Alan Rosenblat, Theodore Sonde and Wallace L. Timmeny
THIS IS A MEMORIAL WEBSITE. THE SECTION QUOTED BELOW IS TAKEN VERBATIM from The Securities and Exchange Commission Historical Society. PLEASE VISIT THE LINK AT THE BOTTOM OF THE PAGE TO VIEW THE ENTIRE ARTICLE. IT IS A VERY GREAT SORROW FOR THE REMAINING FAMILY OF RAY GARRETT THAT HE IS NOT ALIVE TO PARTICIPATE IN THESE INTERVIEWS. AS A LOVER OF HISTORY (HIS MAJOR AT YALE), HE WOULD HAVE ENTHUSIASTICALLY SUPPORTED THE FOUNDING OF THE HISTORICAL SOCIETY AND PARTICIPATED WHOLEHEARTEDLY IN HIS OWN INTERVIEW.

p. 89
MR. SPORKIN: "But we got a little too far when they started, when someone brought a case against Playboy, Hefner because he was expensing the towels of his mansion I thought even we were going a little too far that they had to disclose what he was doing in the confines of his bedroom and why he needed so many towels. But and --

MR. SONDE: Who investigated that?

MR. SPORKIN: Oh , well, the point was that one day Alan Levenson and I were down in, we were down in Texas and we got a call that we had to come home right away. Ray Garrett was the chairman then. And Ray said, look, Stan and Alan, -- I'm glad Alan took some of the blame, why I don't know, because he's just a good guy -- but the chairman said, you two guys, and I guess Irv was involved too, he said you guys go out and fix this problem, I don't want to see, you know, too many more cases."

* the entire Roundtable

back