"At the SEC, 2008 will be the year of the Phoenix. That�s the name of our updated software system that will track every disgorgement, penalty, and other monies owed to the SEC and to investors�from the beginning of the process until the last dollar is returned to its rightful owner. Ever since the Sarbanes-Oxley Act vastly expanded the SEC�s responsibilities in this area over five years ago, the agency has needed such a system. This year, for the first time, we will have it."
— SEC Chairman Christopher Cox, Feb 8.
For more information, see "Highlights "