Catching the Culprits: Is Sarbanes-Oxley Enough?

Wednesday, January 1st, 2003 at 12:00 am by Joseph F. Morrissey
Joseph F. Morrissey, Catching the Culprits: Is Sarbanes-Oxley Enough?, 2003 Colum. Bus. L. Rev. 801

Part I of this article will examine the state of the securities fraud laws just prior to the enactment of the Sarbanes-Oxley Act. More specifically, Part I will address the ambiguity regarding secondary actor liability left in the wake of the Central Bank decision and will review briefly the restricting requirements of the PSLRA and the SLUSA. Part II will analyze key provisions of the Sarbanes-Oxley Act in an attempt to assess their likely impact on the anti-fraud rules of the U.S. securities markets. Finally, Part III will make recommendations both to the judiciary and to the U.S. Congress to improve if not correct the current situation.

Author Information

Visiting Assistant Professor of Law Chicago-Kent College of Law, Illinois Institute of Technology