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Sarbanes-Oxley News & Developments
SEC Suspends Trading in 26 CompaniesThe SEC cracks down on late filers, knocking their stocks off the trading block and revoking registrations.
> > The SEC suspended trading in the securities of 26 companies for at least 10 days, punishing the companies for not filing their financial results on time.
Although the companies are small and hardly household names, the move suggests that the SEC considers tardiness a serious offense. The SEC asserted that the delinquencies prevented investors from obtaining current and accurate information about the companies.
Source: CFO
Published:2004-12-04
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