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SEC Chair Cox Lauds Lie In Senate Testimony

A transcript of the testimony to the U.S. Senate Banking and Finance Committees of Christopher Cox, chairman of the Securities and Exchange Commission, who said the SEC has been working with ERIK LIE, professor of finance at the University of Iowa, to decipher data that showed the backdating scandal. Cox said that Lie's data showed that before 2003, a surprising number of companies seemed to have had an uncanny ability to choose grant dates that coincided with low stock prices. A subscription is required to view this site.

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