Tuesday, April 11, 2006

Small-business 404 Waiver Unlikely: Cox


''Our emphasis is on making 404 work and implementing it in a cost-effective and investor-protected way,'' says the SEC chairman.


Christopher Cox, chairman of the Securities and Exchange Commission, said Monday that small companies should not necessarily expect an exemption from the internal-controls provisions of Sarbanes-Oxley, according to Bloomberg.

Speaking to reporters in Washington, D.C. following his presentation to a Stanford Law School forum on corporate governance, Cox said, "Our emphasis is on making 404 work and implementing it in a cost-effective and investor-protected way, rather than simply waiving it."

See full Article.