NYSE takes aim at Sarbox for small companies

Jim Kim — Mon, 23 Jun 2008 08:48:32 -0400

Recall that NYSE Euronext inked a deal to buy its one-time rival--the American Stock Exchange, known as the curb--back in January. Last week, NYSE Euronext CEO Duncan Niederauer went to Washington, and made his case at the National Press Club that small and medium-sized companies should be exempt from Sarbanes-Oxley, reports Financial Week. He intends to lobby Congress soon. Niederauer also called for a conference of regulators and auditors to start discussing this. Sarbox may indeed be a big hurdle keeping companies from listing on the Amex, but it is a big-company issue as well. Large foreign companies still view the law as an impediment to listing, he says.

For more:
- here's the Financial Week article

Nyse Euronext

NYSE takes aim at Sarbox for small companies