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Corporate reform dead; SEC chief should resign

Corporate reform dead; SEC chief should resign

by Rick Turoczy on February 28, 2006

The Enron trial is months away from a verdict, yet its significance already is a faded memory. Reform efforts have faced a mounting backlash from business leaders.

Executives, bristling at the idea of accountability, bemoan the costs of the Sarbanes-Oxley law, spin the myth that companies like Enron were taken down by uncontrollable market forces rather than their own deceit, and complain that the proverbial pendulum of regulation has swung too far.

Now, the SEC is beating down its own enforcement efforts.

Investors, though, are left with a nagging question. Is the market’s top cop inept, spineless or a political hack?

Corporate reform dead; SEC chief should resign

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