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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today

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To: Ed Pettee who wrote (19225)7/25/2002 6:46:14 PM
From: ernie de la fuente   of 19331
 
Here are some excerpts from the bills being passed by congress to stop accounting and other fraud:

"The measure imposes restrictions on accounting firms doing consulting for corporations whose books they audit. It prohibits personal loans from companies to their top officials and directors. And it orders new rules for financial analysts designed to prevent conflicts of interest.

In addition, the bill extends the time in which defrauded investors may bring lawsuits against companies — a hard pill to swallow for Republican lawmakers who acted several years ago to stem what they maintained was a spate of frivolous shareholder suits. "
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