|
In response to a few major corporate and accounting scandals affecting companies such as Enron, Tyco International, Adelphia, Peregrine Systems and WorldCom, the Sarbanes–Oxley Act was enacted as the United States federal law on July 30, 2002. These scandals cost investors billions of dollars when the share prices of the affected companies tumbled apart from impacting public confidence in the nation's securities markets severely.
|
