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Sarbanes-Oxley Law’s Big Weapon Sits Idle – http://t.co/IhHDz4Vp http://t.co/zmY5yAuD # Bill would dramatically jack up SEC fines on securities firms – InvestmentNews http://t.co/5iDBZQNl # Prison Sentences in UK Print Room Case Punctuate ‘Milestone’ Prosecution for FSA – Compliance… http://t.co/rNU4Y0Yu # Securities Docket News Wire for 2012-07-29 http://t.co/1Wfl8iAU #
Sarbanes-Oxley Law’s Big Weapon Sits Idle
As the Sarbanes-Oxley Act turns 10 years old, the law’s biggest hammer—the threat of jail time for corporate executives who knowingly certify inaccurate financial reports—is going largely unused. After the financial crisis, the certification rules seemed like a strong weapon against executives suspected of misleading investors. But prosecutors haven’t brought any criminal cases for false […]
Bill would dramatically jack up SEC fines on securities firms
The law would allow the SEC to levy fines of up to $1 million per securities violation on individuals and up to $10 million per violation on financial firms. Under current law, SEC civil penalties are capped at $150,000 per offense for individuals and $725,000 per offense for firms. via Bill would dramatically jack up […]