Asked by carlos prado on Sep 30, 2024
Kathy was accused of securities fraud.During the government investigation,she destroyed relevant documents.Under the Sarbanes-Oxley Act of 2002,Kathy may:
A) be civilly but not criminally liable for the destruction of documents.
B) face fines,but not prison,for the destruction of documents.
C) face fines and/or a maximum of 20 years in prison.
D) be considered a "whistleblower."
Sarbanes-Oxley Act
A U.S. law enacted in 2002 aimed at enhancing corporate governance and accountability, in response to financial scandals.
Securities Fraud
Deceptive practices in the securities markets, including false information, manipulation, or theft, intended to deceive investors or manipulate financial markets.
- Ascertain the differences among types of criminal behavior, including white-collar crimes, and grasp the essentials of associated laws like the Sarbanes-Oxley Act.
Learning Objectives
- Ascertain the differences among types of criminal behavior, including white-collar crimes, and grasp the essentials of associated laws like the Sarbanes-Oxley Act.