The Securities and Exchange Commission’s filing of civil fraud charges against TV Azteca on Jan. 4 appears to be the first enforcement action implicating the “up-the-ladder” attorney-reporting requirements of Sarbanes-Oxley. However, the case also highlights the fact that, at present, there is no requirement that the SEC be told of a corporation’s non-compliance with the […]
Martinek Paul J.
Posted inInternal Controls
SEC Committee To Study Impact Of SOX On Small Cos.
The Securities and Exchange Commission announced Dec. 16 the creation of an advisory panel to examine the impact of The Sarbanes-Oxley Act and other securities laws on smaller public companies. The move is part of an initiative to alleviate the regulatory burden on small issuers—one that has been gaining momentum in recent months at the […]