Statement on Passing of Former SEC Commissioner Harvey J. Goldschmid

Harvey J. Goldschmid had an outstanding career as a lawyer, educator and public servant.  He served the Securities and Exchange Commission with great distinction as a Commissioner, General Counsel and as a Special Senior Advisor to Chairman Arthur Levitt.  

Among his many accomplishments at the Commission, he was the primary architect of Regulation FD (Fair Disclosure), which promoted full and fair disclosure by prohibiting selective disclosure of nonpublic information.  He also promoted the importance of auditor independence through the Commission’s rulemaking efforts and spearheaded the Commission’s efforts to improve audit committee disclosures.

Harvey was an accomplished man of considerable talents who touched many lives throughout his illustrious career.  His dedication to Columbia University School of Law and its students was inspiring.  He was a true public servant, whose commitment to this agency lived long past the days he spent working here.  The SEC mourns the loss of one of its own.  Our thoughts and prayers go out to Harvey’s family and loved ones.