From Jake Leon: Auditors, analysts and institutional investors again join forces to oppose SOX Section 404(b) waiver

Posted by Teresa Bockwoldt on June 15, 2010

Jake Leon from commented:

"In a letter sent to House and Senate conferees this morning, leaders of the three organizations wrote, “Like you, our organizations recognize the positive impact small businesses have on the economy and job creation. However, we cannot support actions, no matter how well intentioned, that threaten investor confidence and the stability of the U.S. capital markets. For investors’ sake, we urge you to strike from the conference report the Section 404(b) compliance waiver.”"

The full letter of which he speaks can be read here.

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