The Sarbanes-Oxley Act (SOX)requires each issuer of securities to disclose whether is has adopted a code of ethics for its senior financial officers and the contents of that code.

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This statement is true. Section 406 of the Sarbanes-Oxley Act (SOX) requires issuers of securities to disclose whether or not they have adopted a code of ethics for their senior financial officers, and if so, the contents of that code. This provision is intended to promote ethical behavior and deter fraudulent financial practices among corporations.

The Sarbanes-Oxley Act (SOX)requires Each Issuer of Securities to Disclose