Mallory Factor
Mallory Factor
Mallory Factoris an American professor, author and FOX News Channel contributor. With his wife, he is co-author of Shadowbossesand Big Tent: The Story of the Conservative Revolution--As Told by the Thinkers and Doers Who Made It Happen. He teaches at The Citadel, The Military College of South Carolina...
NationalityAmerican
ProfessionAuthor
CountryUnited States of America
reaching winning
He's reaching out to all of us. He may not be winning converts, but he's making gains.
absolutely access act affects barriers burdens clear companies compliance cost denying discourage effect high hinder imposed needed negative outweigh public raise recent reduced rochester smaller staggering stock study total trillion university value
With a recent University of Rochester study concluding that the total effect of Sarbanes-Oxley has reduced the stock value of American companies by a staggering $1.4 trillion dollars, it is now clear that the costly regulatory burdens imposed by this legislation absolutely outweigh its benefits. The PCAOB and the Sarbanes-Oxley Act raise unconstitutional barriers to needed liquidity, discourage entrepreneurship and innovation, and hinder U.S. competitiveness by denying access to needed capital. Further, the high cost of compliance that disproportionately affects smaller public companies is having long-term, exponential negative implications for our economy.
achieved aggressive bad capital controls critical efforts existing financial focus free goals imposing internal largely laws market public rather reporting solid
The critical goals of solid internal controls and transparent financial reporting are better achieved by a free and unfettered capital market rather than by burdensome regulation. Enforcement efforts should focus on aggressive prosecution of bad actors under existing anti-fraud laws rather than imposing costly and largely ineffective procedural requirements on all public companies.