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Pollock on Sarbanes-Oxley

AEI's Alex Pollock writes on American.com:

[W]e can say there are two competing theories:

A. Sarbanes-Oxley is bad for investors because the costs are excessive relative to the benefits, and

B. Sarbanes-Oxley is good for investors because it protects them and makes them willing to pay more for securities.

Theory B is usually used as an argument for keeping Sarbanes-Oxley Section 404 mandatory, but it is actually a great argument for making it voluntary.



Rafael Mangual
Project Manager,
Legal Policy

Katherine Lazarski
Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.