Sarbanes Oxley Act Summary - Title XI

Sarbanes Oxley Act Summary

Summary of SOX Title XI

SOX Section 1101 Short Title This title may be cited as the ‘‘Corporate Fraud Accountability Act’’. ... read the full text of Sarbanes Oxley Act Section 1101

 

SOX Section 1102

Tampering With A Record Or Otherwise Impeding An Official Proceeding Section 1512 of title 18, United States Code, is amended-- (1) by re-designating subsections (c), (d), (e), (f), (g), (h), and (i) as subsections (d), (e), (f), (g), (h), (i) and (j); (2) by inserting after subsection (b) the following new subsection: (c) Whoever corruptly-- (1) alters, destroys, mutilates, or conceals ... read the full text of Sarbanes Oxley Act Section 1102

 

SOX Section 1103

Temporary Freeze Authority For The Securities And Exchange Commission (a) IN GENERAL- The Securities Exchange Act of 1934 is amended by inserting after section 21C(c)(2) (15 U.S.C. 78u-3(c)(2)) the following: (3) TEMPORARY FREEZE- (A) Whenever, during the course of a lawful investigation involving possible violations of the Federal securities laws by an issuer of publicly traded securities or any of its directors, officers ... read the full text of Sarbanes Oxley Act Section 1103

 

SOX Section 1104

Amendment To The Federal Sentencing Guidelines (a) REQUEST FOR IMMEDIATE CONSIDERATION BY THE UNITED STATES SENTENCING COMMISSION- Pursuant to its authority under section 994(p) of title 28, United States Code, and in accordance with this section, the United States Sentencing Commission is requested to-- (1) promptly review the sentencing guidelines applicable to securities and accounting fraud ... read the full text of Sarbanes Oxley Act Section 1104

 

SOX Section 1105

Authority Of The Commission To Prohibit Persons From Serving As Officers Or Directors (a) In section 21C of the Securities Exchange Act of 1934, add at the end a new subsection as follows: (f) AUTHORITY OF THE COMMISSION TO PROHIBIT PERSONS FROM SERVING AS OFFICERS OR DIRECTORS- In any cease-and-desist proceeding under subsection (a), the Commission may issue an order ... read the full text of Sarbanes Oxley Act Section 1105

 

SOX Section 1106

Increased Criminal Penalties Under Securities Exchange Act Of 1934 Section 32(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78ff(a)) is amended (1) by striking ‘‘$1,000,000, or imprisoned not more than 10 years’’ and inserting ‘‘$5,000,000, or imprisoned not more than 20 years’’; and (2) by striking ‘‘$2,500,000’’ and inserting ‘‘ ... read the full text of Sarbanes Oxley Act Section 1106

 

SOX Section 1107

Relaliation Against Informants (a) IN GENERAL. Section 1513 of title 18, United States Code, is amended by adding at the end the following: ‘‘(e) Whoever knowingly, with the intent to retaliate, takes any action harmful to any person, including interference with the lawful employment or livelihood of any person, for ... read the full text of Sarbanes Oxley Act Section 1107