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A comment on The Worst Ideas of the Decade - Sarbanes-Oxley. Parent comment

Re:The Worst Ideas of the Decade - Sarbanes-Oxley by johngalt on Monday December 21, 2009 @03:56PM (#1008587)
Couldn't agree more. Everyone see's the risk of advancement, but no one considers the risk of doing nothing. The medical advance that kills the first 10 patients could save the next million. Organ transplants anyone?

SOX could have been penalty free and still effective at it's intended purpose. Just have a new classification of public companies. Either you are SOX compliant or you're not, and let the investors decide the risk based on that knowledge.

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Re:The Worst Ideas of the Decade - Sarbanes-Oxley by netcan on Monday December 21, 2009 @07:37PM (#1009037)
You could say that about everything in the financial world. Create government endorsed voluntary categories: SOX or anything else compliant (there are also a lot of investment you need to be accredited to invest in).
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