Mark Pincus on Sarbanes Oxley and corporate fraud

My friend Mark Pincus makes a very smart and sensible suggestion regarding corporate fraud: If a company has to restate its financial statements, then the executives have to regorge back to the company the profits from any stock sales that that time. The rule is not dissimilar to the short swing profit rule. Much better than Sarbanes Oxley in that it punishes the guilty few heavily, rather than all the innocent. See the write up here: http://markpincus.blogspot.com/2005/03/will-sec-ever-get-serious-about-making.html