The Sarbanes-Oxley Act specifically gives the SEC the authority to intervene in any extraordinary payments made by a company that may be the subject of an SEC investigation.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act, specifically Section 1103, grants the SEC the authority to temporarily freeze extraordinary payments, such as bonuses or other compensation, to directors, officers, partners, controlling persons, agents, or employees of any company under SEC investigation, to prevent improper influence or fraud.

The Sarbanes-Oxley Act Specifically Gives the SEC the Authority to Intervene