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Sarbanes-Oxley News & Developments
Sarbox Payback Slow in ComingThe SEC has used the Fair Fund provision to collect money $4.8 billion from 73 cases, so far investors have seen only a trickle.
> > Since the enactment of Sarbanes-Oxley in 2002 through April of this year, the SEC had collected more than $4.8 billion in disgorgement and civil monetary penalties under the Sarbanes-Oxley "Fair Fund" provision, according to a report from the Government Accountability Office. But distributing that money to harmed investors has proceeded slowly, added the GAO.
Source: CFO
Published:2005-10-04
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