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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Les H who wrote (185546)8/2/2002 3:58:45 PM
From: Les H  Read Replies (2) of 436258
 
Lawyers, of course, will argue that the SEC order, which is pursuant to the Securities Exchange Act of 1934, leaves some wiggle room for executives, who get to add the phrase "to the best of my knowledge." Those versed in corporate law are bound to assert that few executives will challenge the order, or refuse to sign it.

Still, companies can decide to fill in the boilerplate form provided by the SEC, or submit their own version. Those that submit their own versions, prepared by legal counsel, will receive intense scrutiny from investors and analysts.

marketwatch.com
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