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US’s Snow urges balance in Sarbanes-Oxley rules

US’s Snow urges balance in Sarbanes-Oxley rules

by Toby Lucich on June 1, 2005

U.S. Treasury Secretary John Snow on Wednesday warned against using Sarbanes-Oxley financial reporting rules in ways that might dampen economic growth, and he sympathized with the plight of corporate executives who are under regulatory scrutiny.

“We need to maintain balance in our enforcement,” Snow said in prepared remarks to the New York University Center for Law and Business.

US’s Snow urges balance in Sarbanes-Oxley rules

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