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What is the purpose of the Sarbanes Oxley Act?

Sarbanes Oxley Public Companies Going Private

What is Sarbanes Oxley?

Why was Sarbanes Oxley Created

 

The analysis set forth in the new rule generally will focus on an R&D company's use of its capital and other indicia of the company's primary engagement in a non-investment business. Generally, a company will be eligible to rely on the rule's nonexclusive safe harbor if it:

has research and development expenses that are a substantial percentage of its total expenses for its last four fiscal quarters combined and that equal at least half of its net income derived from investments in securities for that period;

has investment-related expenses that do not exceed five percent of its total expenses for its last four fiscal quarters combined;


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