The Sarbanes-Oxley Act in the U.S. has encouraged more and more international firms to list their securities in the US and pulled firms away from London.

Question

Quizplus · Accepted Answer

The statement is false. The Sarbanes-Oxley Act in the U.S. introduced stricter regulations for companies listed in the U.S., which made it less attractive for international firms to list there. This resulted in some firms moving away from the U.S. and towards other financial centers like London.