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Topic: Business
Number of pages / Number of words: 10 / 2608
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Previously it was one year from discovery and three years from the act.

5. Securities fraud penalty - Criminal penalties for securities fraud have been increased to 25 years.

6. Certification of financial statements and reports by CEOs and CFOs - Section 906 of the Act requires each public company's Chief Executive Officer (CEO) and Chief Financial Officer (CFO) to certify, on threat of severe criminal penalties that periodic reports containing financial statements fully comply with securities laws...


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Certification of financial statements and reports by CEOs and CFOs - Section 906 of the Act requires each public company's Chief Executive Officer (CEO) and Chief Financial Officer (CFO) to certify, on threat of severe criminal penalties that periodic reports containing financial statements fully comply with securities laws...


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