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Conspiracy Against 404 Exemptions? A member of the SEC's small business committee charges that a former SEC official is orchestrating public opposition to 404 exemptions.

Helen Shaw, CFO.com | US
April 21, 2006

Conspiracy or Constructive Criticism?

Mr.Connolly is entitled to his opinions as are those who feel otherwise. A healthy debate in the media, this is old news. The most important opinions are those of the investors. They want strong business models with good returns and strong, cost effective internal controls (not just in financial, but also in HR, etc). That is the goal.

Posted by Charley Best | Apr 14, 2006 8:10 PM ET

Regulators have to protect there jobs too...

SEC and Public Oversight staff and management just added acres of lawyers and accountants since 2002, whose mission is to keep finding and punishing all those "greedy bad guys in the corporate world". What would all these rightous people do if 14,000 of the 17,000+ public entities only had to report financial information like they did between 1933 and 2003? A better question is, why would we fund their jobs if they had nothing to do all day?....

Posted by GARY CADEMARTORI | Apr 14, 2006 12:12 PM ET