The post-Enron auditor reforms are being rolled back (opens the source in a new tab)
- SEC plans to exempt about 1,600 more listed companies
- All new listings would be spared for five years
- SEC chair Paul Atkins says the aim is “making IPO Initial public offering: when a company first sells its shares on a stock exchange. great again”.
- 94%
- market value still covered
- 60–80%
- restatements, exempt firms
Why it matters A key investor safeguard is being loosened
Other side The checks are costly, and the largest companies, 94% of market value, stay covered.