SEC'S COX DEFENDS SOXWashington - In testimony before lawmakers, Securities and Exchange Commission Chairman Christopher Cox defended the Sarbanes-Oxley Act, but sided with critics of the sweeping reform act who maintain that parts of the mandate need to be changed - in particular Section 404.

"There are no irreparable problems with Section 404 implementation," he told the House Committee on Financial Services, "although fixing the problems that have been identified will be challenging."

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