18-U.S.C.-1350
§1350 – Failure of Corporate officers to Certify Financial Reports
Pathway
Title 18 > Part I > Chapter 63 > Section 1350
Details
- Reference: Section 1350
- Legend: §1350 – Failure of Corporate officers to Certify Financial Reports
- USCode Year: 2013
Provision Content
(a) Certification of Periodic Financial Reports.—Each periodic report containing financial statements filed by an issuer with the Securities Exchange Commission pursuant to section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(a) or 78o(d)) shall be accompanied by a written statement by the chief executive officer and chief financial officer (or equivalent thereof) of the issuer.
(b) Content.—The statement required under subsection (a) shall certify that the periodic report containing the financial statements fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act pf 1934 (15 U.S.C. 78m or 78o(d)) and that information contained in the periodic report fairly presents, in all material respects, the financial condition and results of operations of the issuer.
(c) Criminal Penalties.—Whoever—
(1) certifies any statement as set forth in subsections (a) and (b) of this section knowing that the periodic report accompanying the statement does not comport with all the requirements set forth in this section shall be fined not more than $1,000,000 or imprisoned not more than 10 years, or both; or
(2) willfully certifies any statement as set forth in subsections (a) and (b) of this section knowing that the periodic report accompanying the statement does not comport with all the requirements set forth in this section shall be fined not more than $5,000,000, or imprisoned not more than 20 years, or both.
(Added Pub. L. 107–204, title IX, §906(a), July 30, 2002, 116 Stat. 806.)
U.S. Encyclopedia of Law Coverage
18-U.S.C.-1303 in the Legal Encyclopedia: Criminal Law
In this entry about 18-U.S.C.-1303, find legal reference material, bibliographies and premiere content related to criminal law in the American Encyclopedia of Law, presenting a comprehensive view of the United States criminal law-specific issues, written by authorities in the field.
18-U.S.C.-1350 in the Legal Encyclopedia: Crimes
In this entry about 18-U.S.C.-1350, find legal reference material, bibliographies and premiere content related to crimes in the American Encyclopedia of Law, presenting a comprehensive view of the United States crimes-specific issues, written by authorities in the field.
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