In December 2001, the energy conglomerate Enron collapsed, wiping out $2B in retirement savings tens of thousands of jobs.
As a result, 20 years ago last week, Congress enacted the Sarbanes-Oxley Act.
What did Sarbanes-Oxley do?
** About The Securities and Exchange Commission **
The mission of the Securities and Exchange Commission (SEC) is to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. The SEC strives to promote a market environment that is worthy of the public's trust.
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