Cox Comes To Defense Of SOX

Law360, New York (March 15, 2007, 12:00 AM EDT) -- The Sarbanes-Oxley Act is here to stay despite the protests of some industry groups, according to U.S. Securities and Exchange Commission Chairman Christopher Cox.

Speaking the U.S. Chamber of Commerce’s conference on the competitiveness of the U.S. capital markets on Wednesday, Cox said that he disagreed with the groups’ recommendation that the Sarbanes-Oxley Act should be modified.

Cox said that problems with the act have arisen from its implementation, rather than from the language of the act itself.

“It is the implementation of the law that...
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