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

To: kinghorse
http://www.sec.gov/news/press/2002-96.htm
Washington, D.C., June 28, 2002-The Securities and Exchange Commission today published a list of 945 companies whose chief executive and chief financial officers are now required to personally certify- in writing, under oath, and for publication-that their most recent reports filed with Commission are both complete and accurate. Officers who make false certifications will face personal liability.

"This is an unprecedented step to help restore investor confidence,' said SEC Chairman Harvey L. Pitt. "We are demanding that CEOs and CFOs swear that the numbers they've reported in their financial reports are correct and that they've left nothing important out."

24 posted on 07/22/2002 10:22:10 AM PDT by Quicksilver
[ Post Reply | Private Reply | To 10 | View Replies ]


To: Quicksilver
You swerved into it. What happened 2 weeks ago when the Senate rejected expensing stock options? the market rallied from 400+ down to near even. Every time Bush or some other government big-wig talks about "corporate responsibility" and "punishing the crooks in corporate America" the markets slide further. When is the defining point of when the indices began their slide today? Around 11:15 - 11:30? What time did Bush speak? Try this on for size - A Runaway Train on Wall Street
52 posted on 07/22/2002 10:32:14 AM PDT by Wyatt's Torch
[ Post Reply | Private Reply | To 24 | 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