Asked by Jeffrey Morales on Jun 13, 2024
Verified
The _____ Act criminalized securities fraud and toughened penalties for corporate fraud.
A) Dodd-Frank
B) Federal Trade Commission
C) Foreign Corrupt Practices
D) Sarbanes-Oxley
E) Sherman Antitrust
Sarbanes-Oxley Act
A U.S. law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.
- Identify the role of legislation in promoting ethical business practices.
Verified Answer
AJ
ahmya jonesJun 16, 2024
Final Answer :
D
Explanation :
The Sarbanes-Oxley Act, passed in 2002, is named after its co-sponsors Senator Paul Sarbanes and Representative Michael Oxley. Its main focus is to strengthen corporate responsibility and financial disclosures, and it criminalizes securities fraud while also toughening penalties for corporate fraud.
Learning Objectives
- Identify the role of legislation in promoting ethical business practices.
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