SOX Center

Chief Counsel for Advocacy Thomas M. Sullivan today commended the U.S. Senate Committee on Small Business & Entrepreneurship for holding a hearing on the impact of Section 404 of the Sarbanes-Oxley Act on smaller public companies.

In written testimony, Sullivan said, “The topic of how the Sarbanes-Oxley Act impacts small business is an important one, and the small business community will benefit by this Committee’s focus on the proposals under consideration by the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB).”

Sullivan noted that Advocacy’s involvement with the issue began in 2002 when the office asked then Chairman Oxley and Chairman Sarbanes to include flexibility in their bill sufficient to avoid unnecessary impacts on small public firms. Since then, Advocacy has issued several comment letters to the SEC and the PCAOB, held public roundtables, and given testimony before the U.S. Congress.

Yahoo!Finance: Advocacy Commends Senate Hearing on the Sarbanes-Oxley Act

Complete copy of the testimony

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 Committee on Capital Markets Regulation’s November 2006 interim report spurred debate on this issue and is certain to shape changes to the current regulatory framework. Join an expert panel as they discuss how these changes will affect investors.

The program will be held on February 15, 2007, 11:30 a.m. to 1:30 p.m., at NYSSA, 1177 Avenue of the Americas, 2nd Floor, NYC. The registration deadline is February 13, $75 NYSSA members, $115 nonmembers. No charge for press with credentials. A complete agenda is available at

Morningstar:NYSSA Presents ‘The Burdens of Regulation: Are the U.S. Capital Markets Less Competitive?’