> Isn't "post-factum civil litigation" an even better mechanism for enforcement? That hasn't worked out well for Madoff's "investors". > Look companies that a

> Isn't "post-factum civil litigation" an even better mechanism for enforcement? That hasn't worked out well for Madoff's "investors". > Look companies that are "bad actors" are going to cheat the SEC and the public anyway... And Congress passed Sarbanes-Oxley to prevent future Enrons and WorldComms. HR 3606 repeals SOX for the first 5 years of an "emerging growth company" stock issuance and returns us to the "good old days" when fraudsters were able to run wild.