At the Wednesday March 2 Open Meeting, the Securities and
Exchange Commission voted to approve a new rule that would affect incentive compensation
paid to employees of investment advisers and broker-dealers . Commissioners
Casey and Paredes voted against...
The Section 304 of Sarbanes Oxley requires the CEO and CFO to repay certain incentive compensation in the event there is a restatement of the company's financial statements based on wrongful conduct. Few court decisions have construed the Section...
SOX Section 304 and Dodd-Frank Section 954 present the
SEC with a critical test. Each Section provides for the claw back of certain
executive incentive executive compensation when there is a restatement. The
challenge for the Commission is to use its...