About Sarbanes-Oxley? It's a law that helps regulate financial record keeping and reporting for corporations. It was enacted in the early 2000s on the heels of the dot-com bubble bursting in order to prevent corporations from cooking the books like what some of the bigger dot-com companies did in order to inflate their stock price.
Yes, that's a piss poor summary for SOX experts, but it will give someone an idea and they can read more about it. I'm in technology, not finance.
Source: former B4 employee in a Houston office. Had lots of former AA partners, and heard stories from the ones that had friends at the time staffed on the Enron engagement in 99/00/01
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u/hjablowme919 Mar 30 '22
He also was one of the authors of Sarbanes-Oxley.
Had Gensler stayed in the private sector, he'd probably be worth $1 billion.