# kaal:claim:2273857-033

**Claim.** 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.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- SEC enforcement practice under Section 307 of SOX

**Source quote.**

> 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, page 17

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

**Verify.** sha256 of source PDF `e7cb3dea40593135acc99a9b00690138fe01020514ebf388f5140e1b0e59e82a` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202013%20-%20Dynamic%20Regulation%20of%20the%20Financial%20Services%20Industry.pdf

**Failure mode.** de facto retraction through non-enforcement  (family: enforcement-gap)

**Topics.** compliance

**Keywords.** sarbanes-oxley, section-307, gatekeepers, non-enforcement

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.