SOX Should Extend To Hedge Funds: SEC Honchos
By Evan Weinberger ( January 27, 2009, 12:00 AM EST) -- At a U.S. Senate hearing Tuesday investigating regulatory lapses that allowed Bernard L. Madoff's alleged $50 billion Ponzi scheme go undetected for decades, two top U.S. Securities and Exchange Commission officials supported extending the accounting requirements under the Sarbanes-Oxley Act to independent financial advisory firms and hedge funds....
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