![]() ![]() For example, a 2015 Supreme Court case, Yates v. Predicting how the words on the legislative page will play out in practice is also challenging. The strong legislative reaction is, therefore, unsurprising, but crafting an appropriate law to respond quickly and comprehensively to a scandal is difficult. Long undetected by investors, auditors, and regulators, these companies’ problems cascaded suddenly and painfully into the markets and public discourse. It responded to several notorious corporate accounting and disclosure frauds at large, well-known companies like Enron, WorldCom, Adelphia, and Tyco. Sarbanes-Oxley passed Congress with broad support. ![]() I do not have time to conduct a full review today since I promised Patricia that I would not speak for more than fifteen minutes, but I will offer a few thoughts on the law and its legacy and perhaps inspire others to do the heavy lifting. Two decades should give us enough experience with Sarbanes-Oxley and distance from the events that sparked its passage to assess this law with fresh (or maybe somewhat jaded) eyes and draw lessons from it for current regulatory efforts. This year, we celebrate the twentieth anniversary of the Sarbanes-Oxley Act (“Sarbanes-Oxley” or the “Act”). Before I begin, I must remind you that my remarks reflect solely my individual views as a Commissioner and do not necessarily reflect the views of the full Securities and Exchange Commission or my fellow Commissioners. I am pleased to be at today’s Audit Committee Summit and to be at the University of California, Irvine, albeit only virtually. DMV will allow registered users personalized access to additional services.Thank you, Patricia. In order to get a better service, you can register. There are some online services and applications in DMV that require registration. You can try the internet and find your RSTR. It is not worth making a trip to the DMV. If not, log onto the DMV website, and there should be some easy explanation. If you have any restriction codes listed, you probably should already know what they mean. The most common example is, some drivers must have prescription glasses when driving. RSTR stands for “Restrictions”. There are various restrictions that can be placed on a driver’s license. ![]()
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