Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Swordmaker

Poorly written and ill-conceived laws become tools of vindictiveness and oppression.


15 posted on 02/26/2015 4:27:56 AM PST by Usagi_yo
[ Post Reply | Private Reply | To 4 | View Replies ]


To: Usagi_yo; Swordmaker

Did anybody read Scalias’ and Thomas’ dissenting opinions?


16 posted on 02/26/2015 5:08:37 AM PST by 1010RD (First, Do No Harm)
[ Post Reply | Private Reply | To 15 | View Replies ]

To: Usagi_yo
Poorly written and ill-conceived laws become tools of vindictiveness and oppression.

Sarbanes-Oxley is actually very well constructed and applies to businesses that are PUBLICLY TRADED and regulated by the Securities and Exchange Commission. . . and the officers and top management in trusted positions of said companies. Sarbanes-Oxley does not apply to privately held companies, small businesses, individuals, or companies not regulated by the SEC. The section that was applied against Fisherman John Yates was quite specific in that it was referring to documents and objects relating to FINANCIAL and COMPANY RECORDS, such as books, computer hard drives, emails, flash drives, etc. The destruction of physical evidence of any kind NOT related to such Financial Securities and Exchange Commission violations should NOT be covered by Sarbanes-Oxley prosecution, penalties, or imprisonment. It is my opinion the Supreme Court did not go far enough. . . and rule that the statute was not applicable at all for John Yates and his fishing boat. Unless John Yates was an officer or upper management of a publicly traded corporation subject to SEC regulation, he should never have been under the jurisdiction of any Sarbanes-Oxley provisions at all.

Was John Yates an officer of a publicly traded corporation for fishing? Were the fish integral to the running of the corporate books and financial records? I doubt both of these possibilities.

23 posted on 02/26/2015 8:43:57 PM PST by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users contnue...)
[ Post Reply | Private Reply | To 15 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson