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: JURIST - The Paper Chase

Supreme Court rules Sarbanes-Oxley oversight board unconstitutional

By Sarah Miley

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[JURIST] The US Supreme Court [official website; JURIST news archive] on Monday ruled [opinion, PDF] 5-4 in Free Enterprise Fund and Beckstead and Watts, LLP v. Public Company Accounting Oversight Board [Cornell LII backgrounder; JURIST report] that the Sarbanes-Oxley Act of 2002 [text] violates constitutional separation of powers by affording members of the Public Company Accounting Oversight Board (PCAOB) [board website] executive power while removing any presidential authority to control the read more

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Full post as published by JURIST - The Paper Chase on June 28, 2010 (boomark / email).

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