SOX Center

The head of the New York Stock Exchange has launched a blistering attack on the lack of regulation surrounding the London Stock Exchange’s junior Aim market.
John Thain, chief executive of the NYSE, criticised the junior market for its lack of corporate governance standards. Mr Thain, speaking at the World Economic Forum in Davos, Switzerland, said […]

The New York Society of Security Analysts (NYSSA) will present “The Burdens of Regulation: Are the U.S. Capital Markets Less Competitive?” on February 15, 2007.
Complaints about the burdens of over-regulation of the U.S. capital markets have increased since the adoption of the Sarbanes-Oxley Act. Are burdensome requirements driving companies from the domestic capital markets? The […]

On the heels of stronger-than-expected economic growth numbers and ahead of the Federal Reserve announcement on interest rates, President Bush on Wednesday told a Wall Street audience that a strong economy worthy of investors’ confidence requires free trade, business regulation that’s fair but not oppressive, and better transparency in terms of executive pay.
The president also […]

New York Stock Exchange CEO John Thain said New York would regain its footing against London, Hong Kong and other competitors in financial services once authorities act to scale back some of the more onerous provisions of the Sarbanes-Oxley law.
Speaking at a panel discussion on risks in financial markets Friday at the World Economic Forum, […]

Experts and officials are questioning Apple’s stated reasons behind its proposed $1.99 fee to enable faster wireless technology in some already shipped Macs. The company on Thursday confirmed that it will charge users a small fee to enable the new, faster 802.11n wireless technology in its previously shipped Core 2 Duo-based Macs, saying that […]

Press Release
Robert E. Schmermer, Jr.
President & CEO

Dear Shareholders,

I am pleased to report that based on a majority vote of outstanding shareholders, Meritage successfully completed a “Going Private” transaction on January 23, 2007. As a result, Meritage has withdrawn its listing (MHG) on the American Stock Exchange and terminated the registration of its common shares with […]

It’s all Enron’s fault that Apple will apparently charge $5 to make a recent Mac’s AirPort Express Wi-Fi adaptor connect to other 802.11n-enabled devices. The fee arises from accounting rules imposed by the Sarbanes-Oxley Act put in place after collapse of the energy company in 2001.
According to Apple insiders cited by iPod site iLounge, if […]

China’s top banking regulator said Thursday that U.S. market regulations, including the increasingly-criticized Sarbanes-Oxley act, are the “right and correct response to the market.”
Tightened U.S. securities regulations in the wake of high-profile corporate collapses such as Enron should not be reversed, to stem the tide of global companies looking elsewhere to list their shares, said […]

The much maligned new rules are a big hit with investors
There has been no shortage of public outcry over Sarbanes-Oxley, the controversial 2002 accounting reform legislation that requires top corporate executives to fill out reams of new forms and personally certify their financial reports. SarbOx, say its critics, adds millions in compliance costs, makes life […]

The deadline for small companies to fully comply with Sarbanes-Oxley accounting legislation could be extended past 2008 if the costs still exceed the benefits of the law, the top accountant at the U.S. Securities and Exchange Commission said on Monday.
The SEC is currently requiring companies with a public market capitalization of less then $75 million […]