Sarbanes Oxley
Categories: Managed Funds, Board of Directors, Accounting, Mutual Funds
The Sarbanes-Oxley Act (SOX) of 2002 was created after the accounting scandals at Enron and WorldCom showed just how much numbers could be fudged.
Under Sarbanes-Oxley, there are stricter penalties for fraud and more rules about transparency and the reporting of accounts.