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Ex-SEC commissioner: Ease up on Sarbanes-Oxley

Ex-SEC commissioner: Ease up on Sarbanes-Oxley

by Toby Lucich on June 6, 2005

Former SEC commissioner Harvey Pitt told a group of life science investors and executives in San Francisco on Monday that new regulatory requirements instituted in the wake of Wall Street scandals in recent years should be eased for small and mid-sized companies.

Pitt, now CEO of Kalorama Partners, a regulatory and corporate governance consulting firm, called the Sarbanes-Oxley Act of 2002 “hastily and badly drafted” and criticized it for imposing the same requirements on companies of different sizes.

Ex-SEC commissioner: Ease up on Sarbanes-Oxley

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