FIN 370 Week 1 DQ 2

FIN 370 Week 1 DQ 2 - Discussion Question(s) #2 Please...

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Discussion Question(s) #2 Please reply to this thread by or before Friday, day 4 with your answers! What are three primary roles of the Securities and Exchange Commission (SEC)? How does Sarbanes-Oxley Act of 2002 augment the SEC’s role in managing financial governance? Do you think businesses became more ethical after Sarbanes-Oxley was passed? Provide examples to support your answer. What are three primary roles of the Securities and Exchange Commission (SEC)? The U.S. Securities and Exchange Commission (the SEC) states that its mission "is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.” The principal way that the SEC fulfills its mission is by creating and enforcing regulations that set the standards for the public disclosure of financial information by public companies. Its main areas of enforcement activity are: Insider trading Accounting fraud False or misleading investment information (Kolakowski, 2009) How does Sarbanes-Oxley Act of 2002 augment the SEC’s role in managing financial
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This note was uploaded on 02/21/2011 for the course FIN 370 taught by Professor Unknown during the Spring '08 term at University of Phoenix.

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