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Sarbanes-Oxley Act

The Sarbanes-Oxley Act of 2002 (HR3763), signed into law on July 30, 2002, is considered the most significant change to federal securities laws since the New Deal. It came in the wake of a series of corporate financial scandals, including those affecting Enron, Arthur Andersen, and WorldCom.

Its major provisions include:

Whilst addressing a number of domestic concerns, the Act has been criticised by foreign regulators for seeking jurisdiction over their national affairs.

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