Under the Sarbanes-Oxley Act,which of the following actions is prohibited?
A) Enhanced financial disclosures in periodic reporting
B) CEO and CFO certification of financial statements contained in periodic reports
C) Trading during pension fund blackout periods
D) Disclosure of transactions involving directors,officers,and major stockholders

Question

Quizplus · Accepted Answer

Trading during pension fund blackout periods is prohibited under the Sarbanes-Oxley Act, as it is viewed as a conflict of interest. The other options listed (enhanced financial disclosures, CEO/CFO certification, and disclosure of transactions involving directors, officers, and major stockholders) are actually requirements of the act.

Under the Sarbanes-Oxley Act,which of the Following Actions Is Prohibited