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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?


To: stomper who wrote (12298)8/1/2002 10:09:35 PM
From: Jorj X Mckie  Read Replies (2) | Respond to of 17639
 
I actually thought it was a way of making the officers personally liable.

I just went through the SEC site and didn't find anything that suggested what the ramifications were of not signing.
sec.gov



To: stomper who wrote (12298)8/1/2002 10:09:42 PM
From: AugustWest  Read Replies (1) | Respond to of 17639
 
Here's what I found on it:



Tyco's chief executive and chief financial officer do not have to certify the company's financial statements under a new rule from the U.S. Securities and Exchange Commission, because it is based offshore in Bermuda.

But Fort said Tyco plans to do so voluntarily. However, it is possible Tyco would miss the Aug. 14 deadline by which U.S. companies will have to certify the accuracy of financial statements since 2001.
biz.yahoo.com