kaal:claim:2273857-033

Section 307 of Sarbanes-Oxley, the attorney up-the-ladder reporting mandate, has gone effectively unenforced: there is no evidence that the SEC ever charged an attorney with a violation of that section, even though lawyers were inevitably aware of executive misconduct in numerous instances.

Source quote, verbatim

there is no evidence that the SEC ever charged an attorney with a violation of Section 307.

From

Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013), II.2.b Contraction, p. 17
https://ssrn.com/abstract=2273857 · source PDF

Cite as

Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013). SSRN: https://ssrn.com/abstract=2273857

Holds when

SEC enforcement practice under Section 307 of SOX

Classification

empiricalsupport: evidencedfailure: de facto retraction through non-enforcementfamily: enforcement-gapcompliance

Verify

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Attestation record: colloquium/attestations/0a10abc1174e9438...json
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