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Sarbanes-Oxley News & Developments
SEC Feels Pressure to Weaken Some RulesThe proposals have split the agency largely along partisan lines.
> > The SEC has come under intense pressure from business and some members of the Bush administration to water down proposed rule changes in the way corporate boards are elected, mutual funds are governed and hedge funds are regulated. The proposals, which flow from scandals in the mutual fund industry and at some of the largest corporations in the nation, have split the agency largely along partisan lines.
Source: Ocala Star-Banner
Published:2004-05-11
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