Evaluate the following statement.
Sarbanes Oxley is a fundamental change in the approach to the regulation of financial markets in the United States.
Labels: Exam 2 Question 6
posted by Eschenfelder at 8:24 AM
Money and Banking Spring 2006
The following posts are the questions which appeared on last semester's exams. Students should use the comment sections to answer the questions and respond to the posts of other students.
Thursday, February 22, 2007
Sarbanes Oxley is a fundamental change in the approach to the regulation of financial markets in the United States.
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Contributors
2 Comments:
I disagree with the statement. Sarbanes Oxley requires firms to be open about conflicts of interest, criminalize poor internal control, and require greater transparencies. None of these fundamentally change the way financial markets are regulated. SOX only improves the quality of information about investments in financial markets.
Sarbanes Oxley is supposed to improve the quality of information; it does not change the regulation of Financial Markets. It attempts to do so by forcing firms to avoid some conflicts of interest (firms can’t get too close to one another), criminalizing poor internal controls, and requiring greater transparency.
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