Monday, January 29, 2007 Now there are moves afoot to ease some of the provisions of the act. Last week, even the former scourge of Wall Street, Eliot L. Spitzer, now governor of New York, joined Sen. Charles Schumer (D-N.Y.) and New York Mayor Michael Bloomberg in calling for SOX to be revised. They and others argue that the legislation has placed such burdens on public companies in the United States that the U.S. capital markets have become uncompetitive. Foreign corporations won't list on U.S. stock exchanges, because they then have to comply with SOX, which they find too onerous. Change Sarbanes-Oxley with caution Previous articles Cardinal Health Founder May Face Charges
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