In its typical rush to finish its term by July 4, the U.S. Supreme
Court just released an opinion in the case challenging the constitutionality of
the PCAOB, Free Enterprise Fund v. Public Company Accounting Oversight Board.
This commentary discusses the decision, considers its implications for
The op-ed page of the Wall Street Journal
yesterday declared that what it called the "bipartison overreaction to the
accounting scandals at Enron and WorldCom" known as the Sarbanes-Oxley Act of
2002 (SOX) is the primary reason that there are now very few initial
public offerings. The...
The SEC recently announced that it reached a settlement
with Beazer CEO O'Leary requiring O'Leary to pay back to Beazer more
than $1.4 million that he received during a time period when Beazer's financial
statements were allegedly misstated. It is undisputed that the SEC did
Last week was Groupon's big week, although not in a good
way. What happened? Well, the premier source of daily deal dish got knocked
down a few more pegs after announcing a revision to 4th quarter earnings and
the announcement by management that there was a material weakness in internal
The Wall Street Journal’s Deborah Solomon contends “Sarbanes-Oxley Harpoons The Whale”. Solomon is talking about JP Morgan Chase and the recent settlement between the bank and several regulators, including the SEC, over a 2012 whale of a loss from credit derivatives trades gone very...