Resources for Sarbanes-Oxley (SOX)

Why the Regulators Always Lose

article.nationalreview.com

With $7 trillion in wealth disappearing in the U.S. in the past year, it hasn’t been a banner time for anyone involved in the financial markets. But it may be the Securities and Exchange Commission that has taken the biggest bath. The storied investment banks that it oversaw have basically disappeared — out of business or transformed into bank holding companies. And on top of that comes the Bernard Madoff scandal, in which the Wall Street figure operated a $50 billion Ponzi scheme under the SEC’s nose despite repeated warnings that he must be defrauding investors.

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