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Sarbanes-Oxley News & Developments
Cox: "My Goal Is to Make 404 Work"Sarbanes-Oxley can be made to work for smaller companies, and U.S. capital markets need not fear competition from less-regulated countries, SEC Chairman Christopher Cox told Congress Tuesday.
> > Testifying before the Senate Banking Committee for the first time since he was confirmed as chairman of the SEC, Cox also addressed concerns from several senators that the regulatory environment was driving an increasing number of companies to list on foreign exchanges. The United States, he argued, should not "participate in a race to the bottom" but should continue to set a high standard for securities regulation.
Source: CFO
Published:2006-04-26
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