Statement By New York State Comptroller On The Resignation Of NYSE Chairman Dick Grasso

New York State Comptroller Alan G. Hevesi issued the following statement regarding NYSE Chairman Dick Grasso's decision to resign:

"Dick Grasso's decision to resign was the right one. It's best for the New York Stock Exchange. However, the issue is not just Mr. Grasso. The issue is making fundamental reforms at the Stock Exchange to restore investor confidence. The issue is also to establish a model for the entire financial community of good corporate governance, accountability and disclosure. Now that Mr. Grasso has stepped down, we can move forward with those reforms."