Criminal Liability Under the Securities Exchange Act of 1934

The video discusses criminal liability under securities laws, focusing on insider trading and fraudulent statements. It explains the penalties for individuals and companies, including prison time and fines. The 34 Act extends beyond civil liability to include public interest enforcement by the DOJ and SEC.

What is the primary focus of criminal liability under securities laws?

• Tax penalties for financial misreporting

• Criminal penalties for knowing violations

• Civil penalties for minor infractions

• Administrative actions for unintentional errors

What is the maximum prison sentence for individuals found guilty of fraudulent activities under securities laws?

• 20 years

• 25 years

• 15 years

• 10 years

What is the maximum fine for companies per incident of fraudulent misrepresentation?

• $25 million

• $15 million

• $10 million

• $20 million

Which two organizations collaborate to enforce securities laws in the criminal context?

• The Department of Justice and the SEC

• The FBI and the Federal Reserve

• The Federal Reserve and the SEC

• The IRS and the Department of Justice

How does the 34 Act extend beyond civil liability?

• By reducing penalties for minor offenses

• By including public interest enforcement

• By eliminating fines for companies

• By focusing solely on insider trading