HEAT ON SARBOX MAY GROW AS EURO MARKETS PASS U.S.
Posted By claudia On 8th April 2007 @ 19:56 In News, SEC, SOX, Section 404, Europe, North America, Accounting rules | No Comments
Attempts to overturn portions of Sarbanes-Oxley may pick up steam this week after an April 4 report showed the value of European stock markets has overtaken U.S. markets for the first time since World War I.
The seismic shift in the value of equity markets is a further blow to the New York Stock Exchange and other U.S. markets, which have seen some of the larger initial public offerings opt for overseas markets instead of their traditional NYSE home.
Critics of SarbOx blame the recent regulation for pushing the IPOs abroad. They claim the legislation makes compliance in the U.S. too costly.
Article printed from SOX Center: http://www.sox-center.com
URL to article: http://www.sox-center.com/2007/04/08/heat-on-sarbox-may-grow-as-euro-markets-pass-us/
URLs in this post:
[1] New York Post: HEAT ON SARBOX MAY GROW AS EURO MARKETS PASS U.S.: http://www.nypost.com/seven/04082007/business/heat_on_sarbox_may_grow_as_euro_ma
rkets_pass_u_s__business_richard_wilner.htm
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