Does Sarbanes-Oxley sound familiar to anyone?

[The Velveteen Ocelot]

4. It has to do with the storage and retention of corporate records.

It defines what kinds of records, including electronic records, have to be retained, and also deals with the destruction, alteration or falsification of records and how long they have to be stored, and the resulting penalties. It's kind of a big deal in IT because of certain requirements for electronic records. Companies can be audited and there are penalties for noncompliance. It was mainly a result of the Enron debacle.

Since it's intended to prevent fraud, of course Trump would want to get rid of it. It's not his problem personally because it applies only to publicly-traded businesses, but I have no doubt there are a lot of Wall Street types who'd love to see it gone. Too much regulation and red tape, they'd claim.