Petition the SEC to Stop Future Enrons

Despite the bright spotlight of the convictions of top Enron executives Ken Lay and Jeff Skilling, on April 23 a Securities and Exchange Commission (SEC) advisory committee made recommendations that fully 80% of all publicly-traded companies should be allowed to ignore the key investor protections of the PIRG-backed Sarbanes-Oxley Corporate Reform Act, the law passed in 2002 to prevent future Enrons and WorldComs.

Urge the SEC to prevent future Enrons and WorldComs by rejecting the anti-investor recommendations of and then disbanding its Advisory Committee on Smaller Public Companies.

Petition Text: 

We believe that the recent recommendations of the Advisory Committee on Smaller Public Companies are in direct conflict with the law, would undermine investor confidence, and do not fulfill the Committee's original charge to "conduct its work with a view to protecting investors." We urge you to reject its recommendations and to disband the committee.