Five years after it was rushed into law, Sarbanes-Oxley has earned the largely undeserved reputation as being a "synonym for heavy-handed regulation," according to a Financial Times editorial. The newspaper went on to say that the Securities and Exchange Commission should be applauded for reevaluating the legislation and smoothing over some of its flaws. "The U.S. has learnt from Sarbox's painful introduction, but it should now apply those lessons to a broader regulatory canvas," the editorial concluded.

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