SOX  |  Regulations

The Sarbanes-Oxley (SOX) Act and security observability

SOX - an overview Serious financial fraud was never considered a real risk while investing in U.S.-listed stocks until 2001, when energy giant Enron Corporation, which held $63.4 billion in assets, collapsed. It was revealed that the company had been misleading investors for years and the company’s stock price quickly plummeted from $90 to less than $1 per share. It was the largest bankruptcy in US history, followed by a $40 billion lawsuit and imprisonment for the corporation’s executives.