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Did SOX Kill the U.S. Capital Markets?

April 26, 2017Capital kill Markets sox

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Did SOX Kill the U.S. Capital Markets?

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The article talks about the impact of the Sarbanes-Oxley Act (SOX) on the U.S. capital markets. The U.S. Government Accountability Office found that initial public offerings (IPO) by companies with revenues of $25 million or less decreased from 70 percent of all IPO in 1999 to 46 percent in 2004. According to William Cline, a capital markets consultant and founder of Acai Solutions, does not believe that the exchange system technology is different enough to overcome SOX resistance.