Debasish Bose edited SOX_Act_tried_to_address__.md  almost 8 years ago

Commit id: 5594c4c1948048024182dfbfbbc709c676658dfa

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6. **Inadequate funding of the Securities and Exchange Commission**: To enforce all regulations concerning various parties of the largest financial market of the world, SEC lacked necesary funding in the pre-SOX era. SOX ensured that SEC has adequate budgetary approvals for these additional regulations and their administrations   Apart from these, SOX Act also  described specific punishments for tampering various corporate and financial records of a company under the section of  "Corporate and Criminal Fraud Accountability Act of 2002" and enhanced severity of these punishments under the section of "White Collar Crime Penalty Enhancement Act of 2002".