Description
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
Explanation & Answer
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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.
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