Saturday, September 25, 2004 The case involves one of the SEC's important new powers under the Sarbanes-Oxley Act of 2002, Congress' response to corporate scandals. The provision authorizing the agency to seek temporary escrow of extraordinary payments to a publicly traded company's employees during a fraud investigation was intended to keep the money available for possible fines or repayment. SEC gets a second try on Gemstar exec pay / Agency says funds should be frozen during fraud probe Previous articles SEC May Help Businesses With Accounting
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