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Cox: “My Goal Is to Make 404 Work”

Cox: “My Goal Is to Make 404 Work”

by Rick Turoczy on April 25, 2006

Securities and Exchange Commission Chairman Christopher Cox said today that section 404 of the Sarbanes-Oxley Act should be made to work for smaller companies without exempting them.

Testifying before the Senate Banking Committee for the first time since he was confirmed as chairman of the SEC, Cox also addressed concerns from several senators that the regulatory environment was driving an increasing number of companies to list on foreign exchanges. The United States, he argued, should not “participate in a race to the bottom” but should continue to set a high standard for securities regulation.

Cox: “My Goal Is to Make 404 Work”

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