From: Christopher Dazey
Securities and Exchange Commission
The Sarbanes-Oxley Act was designed to force executives to pay back ill-gotten gains arising from accounting fraud.
But according to a recent AP article, 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 stop sitting by idly and start going after CEOs ill-gotten gains - make use of the Sarbanes-Oxley Act's clawback provisions.