Nasdaq CEO Calls For Sox Exemption

Bob Greifeld, President and CEO of Nasdaq, called for a small issuer exemption from SOX in an article published today. Specifically, Mr Greifeld urged that the proposal recommended by the SEC’s Advisory Committee on Smaller Public Companies be adopted. Under that proposal issuers with less than $128 million in market capital and revenue under $125 million would be exempt from Section 404. Companies with up to $78 million in market capital and less than $250 million in revenue would receive a partial exemption. Wall Street Journal, A 14 (March 6, 2006).