SOX Regulations - 2007 changes being debated in Congress 1996
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Most likely, positive changes related to SOX 404 will be very slow in emerging from Congress. Some debates and testimonies are taking place this week. More links will be shared as developments transpire:%0APlease add www and paste to browser%0Acnbc.com/id/17609612 NOTE - Christopher Cox, SEC Chairman, has an 8 minute interview with CNBC available in this link%0AThe SEC chief took on the Sarbanes-Oxley Act, quoting Warren Buffett’s concerns over ‘short-termism.’ Cox told CNBC’s Mark Haines that the real problem with Sarb-Ox is the infamous Provision 404, whose ‘implementation was too expensive’ and ‘needs to be fixed.’ %0ABut he rejects trashing the entire Act: Sarb-Ox had ‘enormous positive effects for our markets,’ he declared, and ‘is being copied’ around the world by major markets including the U.K. and China. He pointed out that, competing with 50 foreign exhanges worldwide, the New York Stock Exchange and the Nasdaq still account for 38% of total global capitalization.%0APlease add www and paste to browser%0Abloomberg.com/apps/news?pid=20601087_and_sid=aVWspn9IjJTQ Please add www and paste to browser%0Amarketwatch.com/news/story/sarbanes-oxley-changes-debated-competition-summit/story.aspx?guid={57BA01BE-CD9C-4A55-A35A-9078BC7E613C} No www needed, past to browser for more news%0Anews.google.com/news?hl=en_and_ned=us_and_q=sarbanes-oxley