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Who’s this Sarbanes-Oxley character you’ve invited to tea?

Who’s this Sarbanes-Oxley character you’ve invited to tea?

by Rick Turoczy on March 15, 2006

“Clearly listings are about brand and clearly the LSE is a very strong brand. NYSE similarly has a very strong brand and Nasdaq is growing in terms of stature–but it isn’t as strong a brand as NYSE or LSE,” said Herr.

But with the listings clout comes the potential issue of different regulatory requirements in each country. Nasdaq stated that a combination would give issuers the ability to dual-list simultaneously in London and New York.

One dissuader for companies listing on US markets is the Sarbanes-Oxley Act, a major reform introduced in 2002 after the Enron and WorldCom accounting scandals, which was meant to clean up corporate governance and accounting.

“There are a number of regulatory hurdles that will need to be addressed,” said George Rodriguez, managing director at trading firm TradeTrek Securities. “As well as approval you have firms that are listed on each exchange and each of those listings has a requirement. What is the impact to those requirements?”

Who’s this Sarbanes-Oxley character you’ve invited to tea?

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