The Meaning of the Bankman-Fried Indictment

The Wall Street Journal cites Senior Fellow John Berlau on the Sarbanes-Oxley law:

“Earlier this year John Berlau and Josh Rutzick wrote in the Journal on the 20th anniversary of the enactment of the Sarbanes-Oxley law:

Coming on the heels of scandals at Enron and WorldCom, it was touted as a method for cracking down on accounting fraud at big companies and firms.

Twenty years later, legitimate entrepreneurs and ordinary investors are punished by the law’s costly mandates. Sarbanes-Oxley has permanently altered the landscape of business growth and development.”

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