Big Board wants law relaxed for small, mid-size players
NYSE Euronext plans to lobby Congress next year to relax the Sarbanes-Oxley Act for small and mid-size companies. But veteran regulation-watchers don't see the push getting much traction because lawmakers either think the law works or have concerns about easing regulation after the subprime debacle.
“I doubt that Congress would be receptive to arguments for change because they have too little merit,” Columbia University law professor Harvey Goldschmid, a former Securities and Exchange Commission member, said in an interview.
See full Article.
Posts
