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One of the fundamental roles of SEC in investigating fraud has been to facilitate capital formation, protect investors, maintain order and efficient market. There has been reduction in restatements over the past years which has left many people doubting the efficacy of SEC. A good example of fraud in organizations is Sarbanes-Oxley which has proved that SEC has indeed failed to achieve its objectives. Based on this, we can confidently say that SEC has not been successful in the role of investigating fraud.
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Aug 8th, 2015
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