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Snow wants measured Sarbanes-Oxley enforcement-WSJ

Snow wants measured Sarbanes-Oxley enforcement-WSJ

by Rick Turoczy on December 16, 2004

Treasury Secretary John Snow said “appropriate, measured balance” is needed when enforcing the Sarbanes-Oxley Act, the most significant revision of U.S. securities law since the 1930s, the Wall Street Journal reported on Friday.

In an interview with the Journal, Snow said, “We don’t want to criminalize mistakes. Getting the right balance there… is a very serious public policy issue, and failure to get the balance right has extraordinarily negative long-term economic consequences.”

He added that Sarbanes-Oxley is “absolutely essential” and requires no “major modifications,” according to the newspaper.

“I think regulators, government officials, U.S. attorneys — all of us who have a role in administering the oversight system for corporate governance — have to be cognizant of the need for appropriate, measured balance here,” Snow told the Journal.

Snow wants measured Sarbanes-Oxley enforcement-WSJ

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