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Monday, February 27, 2006

F.A.I.R. Funds (SOX Section 308)

Honestly--how many people out there knew that the "Fair" in "Fair Funds" (from Section 308 of SOX, which permits the SEC to return civil penalties recovered in enforcement actions to investors) is actually an acronym?  I sure didn't, and I've been writing about this provision for years.

As mentioned in this article by Sara Hansard of InvestmentNews.com, "Fair" stands for

Federal
Account for
Investor
Restitution

Dubious, I briefly researched this on the Internet ... and confirmed that it is true.   

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