Wall Street

Online Stock Market Trading By Armando Duke

Stock Investing Course (AXcess News) Houston, TX - The Securities and Exchange Commission is hear the business communities views towards the Sarbanes-Oxley law this week and may consider killing the post-Enron law altogether.

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Stock Market Game The Sarbanes-Oxley law was enacted by Congress in 2002, intended to help investors confidence level by increasing the amount of disclosure, but businesses have complained to the SEC that Sarbanes-Oxley is actually hurting their businesses and through it, investors.

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Stock Investing Game On Wednesday, the Securities and Exchange Commission and the Public Company Accounting Oversight Board will hold a meeting to hear company complaints that the costs of complying with the law far outweigh any benefits.

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Journal Prime Rate Street Wall While major corporations can bare the cost burden of extraordinary accounting, for most small cap companies its far too expensive to comply to Sarbanes-Oxley.

2002 Tax Act Effects of the new tax law if you have not yet filed. Most taxpayers will not be affected by the tax law changes for 2001. You may read the detailed summary to find out if the changes apply to you. View a summary of the tax law changes Your 2001 return will only be affected if you own a business or have purchased property since September 11 (including automobiles)

Stock Market News Sarbanes-Oxley is already being challenged in federal court and now, Republican lawmakers are considering repealing the law altogether.

Stock Investing Basics Last month an advisory committee urged the SEC to exempt smaller companies from a key portion of the law, Section 404, that requires companies and outside auditors to confirm the effectiveness of internal accounting controls.

Stock Investing Software Accounting firms, which earn huge audit fees from the requirements, oppose major reforms to the law.

Stock Market Trading PricewaterhouseCoopers said in a letter to the SEC that it continues to see positive changes in the awareness of the need for internal controls. "We attribute much of these changes to the implementation of the requirements of Section 404."

Stock Investing For Dummy Four of the SEC's five commissioners have said they favor remedies short of the complete 404 exemption for small companies -- about 80 percent of U.S. public companies -- recommended by its own advisory panel.

Stock Market Crash Some critics of Sarbanes-Oxley have said that the law is driving companies out of the U.S. markets, opting instead to list on the London Stock Exchange's Alternative Investment Market, sometimes known as LSE-AIM.

Stock Investing Tip Bigger companies too have formally complained to the SEC about Sarbanes-Oxley. In a letter to the SEC, Caterpillar said, "We believe there have been some benefits derived from Section 404. However, significant costs have been placed on U.S. companies to comply with Section 404, primarily from the transactional focus of Section 404."

Stock Market Chart Caterpillar concluded in saying, "The financial scandals by a few companies ... did not occur at the transactional level, but were the result of unethical leaders and weak governance".

Online Stock Investing CAT wants the SEC to overlook minor issues like authenticating signatures on small transactions.

Stock Market Crash Of Maryland Democratic Sen. Paul Sarbanes and Ohio Republican Rep. Michael Oxley, the retiring members of Congress who shaped the legislative response to scandals at Enron and Worldcom, disagree on what should happen next, Reuters reports.

Stock Investing For Beginner Sarbanes said earlier this year that the "law is working as intended" while Oxley now says he supports "dealing" with the issue, when asked if he supports 404 exemptions.

Finance Journal Personal Oxley said last week he thinks SEC Chairman Christopher Cox wants to try to find a consensus among the SEC commissioners, "and my sense is he is moving in that direction but not necessarily the blanket exemption."

Stock Market Report While the SEC mulls amending Sarbanes-Oxley, or abolishing it altogether, foreign securities regulators are considering enacting similar laws as the United States. In Japan, regulators there are even calling their new law J-SOX and Spain, France and Germany are considering similar disclosure laws themselves.

Finance Investing Stock Market While businesses complain about Sarbanes-Oxley, investors seem pleased with its results, and are showing more confidence in the market,if you look at the current Dow price this week where the DJIA topped 11,578, a six-year high.

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