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Sarbanes Oxley
Act |
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SEC. 807.
CRIMINAL PENALTIES FOR DEFRAUDING SHAREHOLDERS
OF PUBLICLY
TRADED COMPANIES.
(a) IN GENERAL.Chapter
63 of title 18, United States Code,
is amended by
adding at the end the following:
§ 1348.
Securities fraud
Whoever
knowingly executes, or attempts to execute, a
scheme
or artifice
(1) to
defraud any person in connection with any
security
of an issuer
with a class of securities registered under
section
12 of the
Securities Exchange Act of 1934 (15 U.S.C.
78l)
or that is
required to file reports under section 15(d)
of the
Securities
Exchange Act of 1934 (15 U.S.C. 78o(d)); or
(2) to
obtain, by means of false or fraudulent
pretenses,
representations, or promises, any money or
property in connection
with the
purchase or sale of any security of an issuer
with a class
of securities registered under section 12 of
the
Securities
Exchange Act of 1934 (15 U.S.C. 78l) or that
is
required to
file reports under section 15(d) of the
Securities
Exchange Act
of 1934 (15 U.S.C. 78o(d));
shall be
fined under this title, or imprisoned not more
than 25
years, or
both..
(b) CLERICAL
AMENDMENT.The table of sections at
the beginning
of chapter 63
of title 18, United States Code, is amended
by adding at
the end the following new item:
1348.
Securities fraud..
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