After the disasters in the banking and financial industries in 2008

Gloria Smithson and her husband Joe have created a revolutionary widget
March 12, 2020
After the disasters in the banking and financial industries in 2008
March 12, 2020

After the disasters in the banking and financial industries in 2008, a number of conflicts of interest were

discovered in many

securities firms. Specifically, in many instances, the person/agency who prepared the financial statements for the firm would also verify the accuracy of those statements. Investment bankers and securities analysts of the same firm shared information, and the analysts were paid or pressured by the securities firms to write glowing reports of companies from which the investment bankers of the firm were earning fees. In response to unethical conduct in the securities industry, in 2002 Congress enacted theSarbanes-Oxley Act (SOX).

How did SOX try to prevent these conflicts?

In many situations, the party obligated to perform under a contract may delegate his duty to perform to a third party. However, there are two types of contracts where the obligor may not delegate the duty to perform. Identify the two types of contracts that may not be delegated, and provide an example of each.

I need about 200 words for each question and I need the answer is 1 1/2 hours. I will leave a good tip

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

Hi there! Click one of our representatives below and we will get back to you as soon as possible.

Chat with us on WhatsApp
%d bloggers like this: