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SEC receptive to Sarbanes-Oxley changes

SEC receptive to Sarbanes-Oxley changes

by Rick Turoczy on April 12, 2006

A U.S. Securities and Exchange Commission adviser on Wednesday disputed a press report that the commission is likely to reject his panel’s advice to roll back major pieces of the Sarbanes-Oxley corporate reform law.

“The commissioners have not taken formal positions,” said Herbert Wander, chairman of the Advisory Committee on Smaller Public Companies, speaking at a public meeting of the advisory panel.

He added that in his discussions with commissioners, he has found them to be “receptive … and will make judgments when the report comes in.”

The Wall Street Journal reported last week that four of the five commissioners, including Chairman Christopher Cox, had indicated opposition to draft recommendations by the panel.

SEC receptive to Sarbanes-Oxley changes

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