PHOENIX—The Dodd-Frank bill deserves an F for failing to provide the necessary information on capital markets to the government and , instead, creating more bureaucratic financial regulatory oversight, said former Securities and Exchange Commission Chairman Harvey Pitt Monday. Pitt, currently chief executive officer of Kalomara Partners, LLC, was addressing Investment Management Network’s “Super Bowl of Indexing” conference here.

This continued lack of foresight will have an inevitable impact on our economy since “we haven’t seen the worst of the financial crisis we have been enduring for the past three years,” Pitt said.

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