According to Section 18 of the Securities Exchange Act of 1934: - 24329

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According to Section 18 of the Securities Exchange Act of 1934:
 
it is unlawful for accountants, or anyone, to use any manipulative or deceptive device, which is against the rules and regulations of the SEC.
 
the action must be brought within three years of discovering the fraud by the plaintiff, for recovery.
 
accountants are held liable for negligence in performing an audit or constructing a financial statement.
 
accountants are liable for fraudulent statements made to the SEC in documents filed with it.
                                       

Solution Description

According to Section 18 of the Securities Exchange Act of 1934: it is unlawful for accountants, or anyone, to use any manipulative or deceptive device, which is against the rules and regulations of the SEC. the action must be brought within three years of discovering the fraud by the plaintiff, for recovery. accountants are held liable for negl