The penalties for violating the provisions of the Sarbanes-Oxley Act are
A) nothing, this is an act which favours management.
B) jail time and personal fines.
C) forgoing a yearly bonus.
D) loss of perks usually offered to management.
E) not as strict as they initially were.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act includes criminal penalties such as imprisonment and personal fines for violators, particularly for those who commit securities fraud, attempt to obstruct an official proceeding, or retaliate against whistleblowers. These penalties aim to hold corporate executives and officers accountable for their actions and deter fraudulent and unethical behaviors.

The Penalties for Violating the Provisions of the Sarbanes-Oxley Act