"Our role is to maintain and monitor a framework in which fair competition can flourish"

This quote by Arthur Levitt speaks with the significance of having a regulative framework in place to guarantee reasonable competitors. It suggests that the function of regulators is to develop and preserve a system that allows organizations to complete on a level playing field. This implies that all businesses have the same access to resources and opportunities, and that nobody company has an unreasonable benefit over another. This framework also makes sure that services are held accountable for their actions which any anti-competitive practices are recognized and addressed. Eventually, this structure assists to develop an environment where services can prosper and consumers can take advantage of competitive rates and quality items.