Accounting rules lower businesses’ competitiveness

By Freedom Newspapers The Securities and Exchange Commission last week finally eased Sarbanes-Oxley auditing rules to make them less oppressive for smaller public companies, which had called for relief after spending millions of dollars to comply with the 2002 “Enron law.” But such baby steps fall far short. This duplicative, expensive and anti-competitive act, which […]

Post-Enron law could impose unnecessary costs

Freedom Newspapers An advisory panel to the Securities and Exchange Commission (SEC) has formally recommended that thousands of smaller publicly traded companies be exempted from the strict accounting and reporting requirements imposed by the 2002 Sarbanes-Oxley law, passed in the wake of the collapse of Enron. “The benefits that are derived by investors are really […]

Securities law should embrace, not stifle, risk

Freedom Newspapers American securities law should be transparent, so investors can see what’s going on with a company, yet not so cumbersome that it harms business. We’re not yet at that ideal balance. A major problem is the Sarbanes-Oxley legislation Congress passed and President Bush signed in 2002 in the wake of the financial collapse […]