Non-accelerated filers again face 404(b) uncertainty

When the Obama Administration unexpectedly gave non-accelerated filers a gift in the form of another exemption on Sarbanes-Oxley 404(b), it was cause for celebration. When the word circulated that the exemption may well become permanent, people were near ecstatic. A lot of companies likely put their 404(b) compliance plans, which aren't a lot of fun, on the back burner. Some may have nixed them all together, assuming that the gift would be permanent.

But, once again, non-accelerated filers find themselves staring at uncertainty. And proponents of the requirement--the many investor advocates and reform proponents--are sensing a new opportunity to press their case. Read more...

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