From: Robert E. Rutkowski
Securities and Exchange Commission
Dear Chairman Cox:
The Sarbanes-Oxley Act was designed to force executives to pay back ill-gotten gains arising from accounting fraud.
But according to an AP article, http://www.businessweek.com/ap/financialnews/D8I4V9BO0.htm?sub=apn_home_down&chan=db, there have been 2,000 restatements since the Sarbanes-Oxley Act, but the SEC has yet to make a single attempt to force a CEO to pay back ill-gotten gains.
Please start going after CEOs ill-gotten gains and make use of the Sarbanes-Oxley Act's clawback provisions.
Thank you for the opportunity to bring these remarks to your attention.
Mindful of the enormous responsibilities which stand before you, I am,
cc: President George W. Bush
2527 Faxon Court