Greg Wanlass is the vice president of talent development for M & T Savings and Thrift,a publicly traded corporation that is listed on the NYSE.Greg has just purchased a home and borrowed the money from M & T,at its regular interest rate.With regard to this loan:

Question

Greg Wanlass is the vice president of talent development for M & T Savings and Thrift,a publicly traded corporation that is listed on the NYSE.Greg has just purchased a home and borrowed the money from M & T,at its regular interest rate.With regard to this loan:​

Quizplus · Accepted Answer

The loan is not prohibited by SOX. SOX only prohibits loans to executives and directors if they are not made on the same terms as loans made available to the general public. As long as the loan was at M & T's regular interest rate, it is considered to be on the same terms as loans made to the general public and therefore allowed under SOX.

Greg Wanlass Is the Vice President of Talent Development for M