WSG Article: Attorneys Don't Get A Pass From Sarbanes-Oxley - Haynes and Boone, LLP
Haynes and Boone, LLP
February 1, 2003 - Dallas, Texas
Attorneys Don't Get A Pass From Sarbanes-Oxley
by Arthur S Berner
As a part of sweeping corporate governance reforms mandated by the Sarbanes-Oxley Act of 2002, the SEC adopted ethical rules for attorneys who represent public companies and their nonpublic subsidiaries. The SEC rules make it clear that “attorneys can’t get a pass” from participating in corporate wrongdoing and attempt to hold attorneys accountable much like accountants and bankers have been for their roles in corporate financial scandals.
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