Sabanes-Oxley Not NYSE For New York

In late 2004, we noted that some economists believe that the Sarbanes-Oxley Act of 2001 has caused a growing number of businesses to register with foreign stock exchanges rather than the New York Stock Exchange to avoid its onerous enforcement procedures. City Journal’s, Nicole Gelinas writes that Sarbanes-Oxley could have negative consequences for the city of New York as well:

The New York Stock Exchange