As a result of the Sarbanes-Oxley Act, more foreign firms are choosing to list their shares on U.S. stock exchanges.

Name: As a result of the Sarbanes-Oxley Act, more foreign firms are choosing to list their shares on U.S. stock exchanges.
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Question

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The statement is false. The Sarbanes-Oxley Act increased regulatory requirements and compliance costs for companies listed on U.S. stock exchanges, which made some foreign firms choose to list their shares on exchanges outside of the U.S.

As a Result of the Sarbanes-Oxley Act, More Foreign Firms