
A diverse final panel results in some testy exchanges as the regulators sought next steps for 404.
A wide range of positions in the 404 debate were represented in the final panel of the SEC's second roundtable on 404, and they made their differences known with some testy exchanges and criticisms.
In a particularly scathing critique, Alex Davern, CFO of National Instruments, said he was disappointed with the "tremendous amount of polite discussion" during this year's roundtable. The SEC, he observed, "deserves a failing grade for implementation of 404," adding that back in 2003, the SEC predicted a per-company implementation cost of "about $90,000" for companies of all sizes.
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