The Act of 1934 gives rise to the possibility that accountants could be found criminally liable.

Question

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The Securities Exchange Act of 1934 established the Securities and Exchange Commission (SEC) and gave them the power to bring civil and criminal actions against individuals and companies for violations of the law. This includes the possibility of holding accountants criminally liable for aiding and abetting securities fraud or providing false or misleading information in financial statements.

The Act of 1934 Gives Rise to the Possibility That