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Retoothing the Tiger: Restoring Confidence in the Securities and Exchange Commission

Recorded on January 15, 2003

The Heritage Foundation's Van Andel Center

The recent wave of resignations at the Securities and Exchange Commission (SEC) and its performance in investigating and prosecuting the recent accounting scandals raise concerns about the Commission's ability to rebuild consumer and investor confidence. When confirmed, newly nominated SEC Chair William H. Donaldson will face the challenge of making needed reforms. The SEC faces numerous high hurdles in 2003 - implementing the Sarbanes-Oxley corporate accountability law, demonstrating that it can and will hold corporations and corporate criminals accountable for their actions, and rebuilding its own organizational accountability. This event will discuss recent crises including the WorldCom debacle and its implications, immediate steps that the SEC could take to improve corporate accountability, and whether additional longer-term solutions are required.