Week 3 e-Activity Use the Internet or visit the Securities and Exchange Website, located at http://www.sec.gov/,
to research at least two (2) sanctions levied against companies that
have violated general accounting principles. Be prepared to discuss.
From the e-Activity, analyze whether or not investors who were misled by
relying on financial statements could hold the audit firm liable for
audit failure either by common or securities laws. Provide a rationale
for your response
Thank you for the opportunity to help you with your question!
The federal securities laws allow the SEC to suspend trading in any stock for up to ten trading days when the SEC determines that a trading suspension is required in the public interest and for the protection of investors. You'll find answers to many of your questions about trading suspensions— including how they differ from trading halts.
Please let me know if you need any clarification. I'm always happy to answer your questions.