U.S. Securities and Exchange Commission

new structure includes three major operating regions: U.S. Onshore; Eastern Mediterranean; and U.S. Gulf of Mexico (GOM),

corporation, traded on confidential information about the impending acquisition of LendingTree, Inc., which he received in his capacity as a Fidelity director. We must decide whether Talbot can be held liable under § 10(b) of the Securities Exchange Act of 1934 ("Exchange Act"), 15 U.S.C. § 78j(b), and Rule 10b-5, 17 C.F.R. § 240.10b-5, promulgated thereunder, for misappropriating information from Fidelity, in the absence of a fiduciary duty of confidentiality owed to LendingTree by Fidelity or Talbot

Accounting Oversight Board, or PCAOB, is a nonprofit organization established by the government to oversee audits of public companies. The organization also oversees the audits of broker-dealers, including compliance reports filed pursuant to federal security laws (Public Company Accounting Oversight Board, n.d.). The PCAOB was created by the Sarbanes-Oxley Act of 2002, also known as SOX, to protect investors and the public interests by promoting accurate audits through independent auditors (Public Company

statements must also adhere to rules established by the U.S. Securities and Exchange Commission (SEC). This includes having its financial statements audited by an independent CPA firm. GAAP are a common set of standards and procedures for reporting financial information. Any domestic company whose equity and debt securities are traded on U.S. public markets are required to file regular ongoing financial reports with the Securities and Exchange Commission (SEC) or state regulatory agency that follow GAAP

shareholders. The Role of Over-the-counter Markets According to Duffie, Gârleanu, & Pedersen (2005) over-the-counter (OTC) markets serve as a type of secondary market also referred to as a dealer market (The secondary market is where investors purchase securities or assets from other investors, rather than from issuing companies themselves). This generally means that the stock are traded either on the over-the-counter bulletin board (OTCBB) or the pink sheets .The

specialized financial services companies that trade securities for their own account or on behalf of their customers. Broker-dealers are regulated under the Securities Exchange Act by the Securities Exchange Commission (SEC), a unit of the US government. Some regulatory authority is further delegated to the Financial Industry Regulatory Authority (FINRA), a self-regulatory organization. Many states also regulate broker-dealers under separate state securities laws known as “blue sky” laws. The IBD business

The Bernard Madoff’s Fraud How Madoff Executed the Fraud Madoff’s scheme to defraud his clients at Bernard Lawrence Madoff Investment Securities began as early as 1980 and lasted until its exposure in 2008. Bernard carried out this scheme by soliciting billions of dollars under false pretenses, failing to invest investors’ funds as promised, and misappropriating and converting investors’ funds to benefit Madoff, himself, and others without the knowledge or authority of the investors. To execute

throughout numerous amounts of corporations. It holds companies to a larger responsibility and a higher standard with accounting principles and the accuracy of financial statements. The Securities Act of 1933 regulated the securities and the accounting standards before the Sarbanes Oxley Act was passed. Under the Securities Act, corporations and their investments bank were legally responsible for telling the truth and making sure the financial statements were audited correctly. Although corporations were

Introduction In this paper, I will be discussing the Sarbanes-Oxley Act of 2002. I will divide the paper up into four sections: the history of the act, trace its implementation, discuss its impact on society, and analyze the efficiency of the act. The act itself is made of of 11 sections or “titles”. Each title is a major key point in the act which also goes into more depth by containing several sections within it. This paper will me going over all of the sections covered in the act, but will focus

financial reporting. Also, the act established the Public Companies Accounting Oversight Board (PCAOB) that is now responsible for oversight of financial statement audits of publicly-traded corporations and the establishment of auditing standards in the U.S. The primary purpose of SOX was to increase investor confidence in the financial reports provided by corporations. To achieve this purpose, the Act established the PCAOB to oversee external auditing and corporate governance