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Calls for SOX reform due to IPO exodus

NEW YORK - Momentum appears to be building behind efforts to convince the US government and the Securities and Exchange Commission (SEC) to relax elements of the Sarbanes-Oxley (SOX) law that some quarters claim is proving detrimental to US commerce.

During a speech at Colombia University in New York last month, Treasury secretary Hank Paulson commented that "sometimes the pendulum swings too far"

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