| Business & Corporate Entities> Corporations> Directors & Officers> Management Duties & Liabilities |
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| (Sources of Document Retention Requirements)More... |
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| Criminal Liability of Corporate Officers |
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| Under Section 807 of The Sarbanes-Oxley Act of 2002 (Act),1 any person who knowingly commits securities fraud is subject to a hefty fine, a prison term of up to 25 years, or both. Section 807 does not criminalize securities laws violations for the first time; however, it does combine several existing laws so as to facilitate and streamline federal prosecutions. Section 807 does impose significantly harsher criminal penalties than the penalties prescribed under prior laws.
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| Antitrust and Trade Law |
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| Treble damages under Clayton ActMore... |
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| Employment Law |
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| (Protection for Whistleblowers on Securities, Bank, Mail, and Wire Fraud)More... |
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| BUSINESS JUDGMENT RULE |
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| DERIVATIVE SUITSMore... |
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