Since the passage of the Sarbanes-Oxley Act,

Question

Quizplus · Accepted Answer

The passage of the Sarbanes-Oxley Act has made compliance for foreign firms listing their shares on U.S. exchanges costly. As a result, some foreign firms choose to list their shares on the London Stock Exchange and other European exchanges to avoid the added expenses. Therefore, the pace of foreign firms listing their shares in the U.S. has decreased. The firms have not necessarily passed this increased cost on to their customers.

Since the Passage of the Sarbanes-Oxley Act