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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1158 |
Essay's paper body
Two laws were created to help improve investor confidence: “Securities Act of 1933 and Securities Exchange Act of 1934†(SEC, 2008). According to SEC (2008) the purpose of these laws is to make sure companies display accurate data about their financial accounts, the securities that are sold and involved risks and for the brokers who sell and trade to treat investors with respect by being fair and honest...
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A more recent law signed in by President Bush in 2002, was the “Sarbanes-Oxley Act of 2002†(SEC, 2008). This act created changes in improving responsibility, disclosures and to fight business and fraudulent accounting practices which then created the PCAOB (SEC, 2008). According to Marshall et al...
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