Issue Number 4, 2003

For the seventh year in a row, the TLIE Board of Directors is pleased to announce the approval of a distribution to our insureds. This year’s policyholder distribution will be in the amount of $1,000,000.

By Janis Reinken, Attorney/Director of Risk Management

The SEC regulations of the legal profession, adopted under the Sarbanes-Oxley Act, stand at the forefront of the Congressional initiative to corral corporate dishonesty and its after-effects on investors¹. Federal oversight may reach even those attorneys who do not ordinarily represent the interests of publicly-traded entities and do not consider themselves to be securities law specialists. Conventional wisdom suggests that litigation will determine eventually whether State or federal enforcement mechanisms should control.