Section 301 Requires Compliance with Its Provisions as a Precondition

Section 301 requires compliance with its provisions as a precondition to companies being publicly traded. Companies not in compliance with Section 301 can be:

A) Charged in Federal District Court with a civil violation.
B) Placed on probation, or be delisted, by the SEC.
C) Audited by the IRS.
D) There is no penalty for non-compliance with Section 301.