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Sarbanes-Oxley News & Developments
SEC Fines Approaching 2003 LevelsThe SEC is continuing to levy fines against corporate wrongdoers at the stiff pace it assumed in 2003.
> > The enforcement chief of the commission attributes at least part of the rise in penalty payments to a toughened approach.
Last year, the SEC settled cases for a record total of $1.7 billion, worth more than $10 million each the wire service noted. That figure amounted to more fines than the SEC won in major settlements in the preceding 15 years combined.
Source: CFO
Published:2004-05-26
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