Manor27 and here I am wrong again and so I pulicly apoliogize
in response to
by
posted on
Sep 30, 2007 06:57PM
I thought I was able to estimate the minimum level of knoweledge that I would encounter on this board but I messed up again,
Sobanes Oxley "The Sarbanes-Oxley Act of 2002 (Pub. L. No. 107-204, 116 Stat. 745), also known as the Public Company Accounting Reform and Investor Protection Act of 2002 and commonly called SOX or Sarbox; is a United States federal law signed into law on July 30, 2002 in response to a number of major corporate and accounting scandals including those affecting Enron, Tyco International, Peregrine Systems and WorldCom"
The emphasis I choose to add is on the investor protection. The point therefore is that a CEO MUST , in the words of Joe Friday, just give the facts.
Non sompos menti such as you and I can offer conjecture up the wazoo
but CEOs must just give facts.
Turley has opened up a proverbial pandoras box that allowed anyone to purchase stock almost
risk free, It goes up and we make money it goes down and we sue for false and misleading statements.
almost a no brainer.