As the SEC unveils new powers hitting foreign lawyers the legal profession gears up to fight the proposals
November 27, 2002 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
US regulators have confirmed that foreign lawyers will be hit by radical anti-fraud powers contained in the controversial Sarbanes-Oxley Act.
The Securities and Exchange Commission (SEC) outlined its draft rules in a statement, saying: ‘The proposed rule would cover attorneys licensed, or otherwise qualified to practise, in foreign jurisdictions who appear and practise before the SEC.’
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