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SEC Orders Personal Certification of SEC Reports by CEOs and CFOs of Large Companies

On June 27, 2002, the Securities and Exchange Commission (the SEC) issued an unprecedented order directing the principal executive officers and chief financial officers of a list of more than 900 public companies to file sworn statements certifying the completeness and accuracy of their companies' most recent Annual Reports on Form 10-K and all subsequent 10-Qs, 8-Ks and proxy statements.