Sarbanes-Oxley: Three years later

It was October 2001, and the country was reeling from the shock of the terrorist attacks on our homeland. Yet another blow was about to be dealt that would impact our capital markets in ways unimaginable at the time. That same October, Enron, a high-flying energy company headquartered in Houston, announced a restatement of its financial results that would begin a crisis in confidence in our capital markets. As Congress and the Securities and Exchange Commission debated proposed reforms, another giant, WorldCom, announced its own massive restatement amid speculation of management fraud.

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