Multiple Choice
Which of the following is NOT true regarding the Sarbanes-Oxley Act?
A) The Act mandates the composition and authority of audit committees at public companies.
B) The Act prohibits personal loans to executives.
C) The Act requires corporations to disclose whether they have a code of ethics applicable to senior financial officers and, if not, to disclose why not.
D) The Act gives the SEC the authority to prohibit unfit persons from serving as officers or directors of a public company for a period of five years.
Correct Answer:
Verified
Correct Answer:
Verified
Q10: A _ offering of securities is a
Q10: Shelf registration under the Securities Act of
Q11: Mere promotion of a security makes a
Q12: A company that decides to abandon a
Q14: The _ is the private offering counterpart
Q16: Which of the following activities are NOT
Q16: Investment banking firms are prohibited by federal
Q17: If an issuer makes successive sales within
Q22: The Sarbanes-Oxley Act created the Public Company
Q43: A prospectus is a selling document as