• The Impact of the Sarbanes-Oxley Act of 2002 on Mutual Funds
  • August 12, 2003
  • Law Firm: Sutherland Asbill & Brennan LLP - Washington Office
  • On July 30, 2002, President Bush signed into law the "Sarbanes-Oxley Act of 2002" (the "Act"). Congress passed the Act to enhance the financial disclosure and corporate governance requirements of the federal securities laws applicable to corporate issuers of securities. The Act significantly expands federal securities law requirements in six areas: (1) auditor oversight, (2) auditor independence, (3) financial disclosure, (4) corporate responsibility, (5) security analyst conflicts of interest, and (6) civil and criminal penalties for fraud.