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18 U.S.C. § 1350 - U.S. Code - Unannotated Title 18. Crimes and Criminal Procedure § 1350. Failure of corporate officers to certify financial reports

Current as of January 01, 2024 | Updated by FindLaw Staff

(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  1 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.

1 So in original. Probably should be “of”.
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Cite this article: FindLaw.com - 18 U.S.C. § 1350 - U.S. Code - Unannotated Title 18. Crimes and Criminal Procedure § 1350. Failure of corporate officers to certify financial reports - last updated January 01, 2024 | https://codes.findlaw.com/us/title-18-crimes-and-criminal-procedure/18-usc-sect-1350/

Read this complete 18 U.S.C. § 1350 - U.S. Code - Unannotated Title 18. Crimes and Criminal Procedure § 1350. Failure of corporate officers to certify financial reports on Westlaw

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