New York Attorney General Eliot Spitzer on Tuesday joined the chorus claiming that stricter rules under Sarbanes-Oxley legislation may have gone too far and are hurting smaller companies.
"We've seen some unintended consequences from Sarbanes-Oxley," said Spitzer in a meeting with the Association of American Publishers in New York. "It has created an unbelievable burden for small companies and may be preventing some initial public offerings."
Spitzer, who forced Wall Street's investment banks and analysts to change the way they publish research and made insurers halt bid-rigging practices, is widely seen as a pro-regulation Democratic candidate as he runs for New York governor this November.
See full Article.
See Reuters article.
Posts
