4/29/13

Sarbanes-Oxley "Attorney Professional Responsibility" sent to some unknown Wells Fargo attorneys who wouldn't name themselves

"...Attorneys, including in-house attorneys, will be required to report evidence of material violations of securities laws or a breach of a fiduciary duty or similar violation by the issuer or its agents to the general counsel or chief executive officer of the company.

If neither of these parties responds appropriately, the attorney must then report any evidence obtained to the audit committee or the company’s board of directors (Section 307)."

http://www.westga.edu/~bquest/2003/auditlaw.htm

No comments: