Sarbanes-Oxley states that executives cannot retain bonuses or profits from selling company stock if they mislead the public about the financial security of the company.

Question

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This is a correct statement. The Sarbanes-Oxley Act requires executives to certify the accuracy of financial statements and prohibits them from retaining bonuses or profits from selling company stock if they make misleading statements about the company's financial condition.

Sarbanes-Oxley States That Executives Cannot Retain Bonuses or Profits from Selling