Commentary: Hasty SEC action could be detrimental

06/15/2007 | New York Times (tiered subscription model), The

The SEC's push to accelerate accounting-rule changes for companies trading on U.S. exchanges is understandable, but could hurt U.S. investors, Floyd Norris writes in today's editions of The New York Times. SEC Chairman Christopher Cox is supporting the proposal as a way to address increased globalization of securities, but comes one year earlier than expected, giving investors less time to see how international accounting rules are working.

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