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Nasdaq official says Sarbanes-Oxley regulations too tough

Nasdaq official says Sarbanes-Oxley regulations too tough

by Rick Turoczy on April 27, 2006

Vice President Edward Knight told a news conference in Mexico City that even though “good regulation is good business,” some of the rules of Sarbanes-Oxley were difficult for small and foreign firms to comply with.

“There is continued sensitivity in the United States to make sure our laws are not harming the ability of non-U.S. companies to access (our) capital markets,” he said.

Critics say over-regulation is prompting many firms to finance themselves with private equity or go to foreign stock exchanges, rather than listing in the United States.

Nasdaq official says Sarbanes-Oxley regulations too tough

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