Sarbanes Oxley’s collateral damage: US public markets ?

Posted on April 7, 2006
Filed Under Public Policy |

Vinnie and I have a bet, he says that Congress will adopt SarbOx reform by year end and I say that there is no chance of that happening in an election year, irrespective of how badly this law needs reforming. What is interesting to consider is how the markets, like networks, route around failure and obstruction. In this case we see the London Stock Exchange booming and going into play as both the NYSE and NASDAQ recognize that technology IPO’s currently face too high of a hurdle on their exchanges.

While I no doubt will enjoy the bottle of wine that Vinnie will owe me come Jan 1 2007, I would much prefer to lose this bet if it meant we could get this bad law fixed.

Jeff Clavier’s Software Only: Sarbanes Oxley’s collateral damage: US public markets ?: Discussing it with a VC friend, we sort of joked about the efficiency of the Sarbanes Oxley regulation that is essentially scaring away from the public markets a generation of companies – hence reducing in a round about way the potential for fraud and abuse from these new companies.

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