The 2001 _________ Act gives the SEC the authority to bar dishonest corporate directors and officers from ever again serving in positions of corporate responsibility.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act was enacted in 2002 to address corporate governance and accountability issues after the Enron and WorldCom scandals. Among other provisions, it gives the SEC the authority to bar dishonest corporate directors and officers from ever again serving in positions of corporate responsibility. The Securities Exchange Act of 1934 established the SEC, but it does not specifically give the SEC the authority mentioned in the question. The Sherman and Clayton Acts are antitrust laws that do not pertain to the SEC's authority over corporate officers and directors.

The 2001 _________ Act Gives the SEC the Authority to Bar