Insights
Client Alert
Loan Prohibition and Anti-Retaliation Provisions of the Sarbanes-Oxley Act of 2002
August 01, 2002
Securities Practice & White Collar Defense Practice Groups
On July 30, 2002, President Bush signed into law the Sarbanes-Oxley Act of 2002, which he called “the most far-reaching reforms of American business since the time of Franklin Delano Roosevelt.” Although enacted with the primary purpose of reforming the oversight of public auditors, improving corporate governance and requiring greater executive responsibility and accountability, the Act also contains various provisions that directly impact companies’ relations with their employees.