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On the Record: Phoenix Rising

Please note: This item is from our archives and was published in 2008. It is provided for historical reference. The content may be out of date and links may no longer function.

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“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 ”

Source: www.sec.gov.