Resources for Sarbanes-Oxley (SOX)

What All These Cries For "More Regulation!" Actually Mean

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After years of unraveling regulations that "stifled the free-market," we're in the early stages of re-regulating everything. Some of the ideas are good, most are bad. Our regulatory systems and enforcement can always be improved. But let's be honest about what's really going on here.

Every time a market crashes, legislators decry shoddy rules, structures, and enforcement and demand that regulation be strengthened. The SEC was created in the early 1930s after the 1929 crash. Insider-trading laws were tightened after 1987. Sarbanes-Oxley was blown through in the wake of Enron. Etc. And now that the housing and stock markets are tanking again, legislators and the public are once again screaming for "more regulation!"

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