Question

As the result of the Sarbanes-Oxley Act, the Securities Exchange Commission has implemented which of the following rules?

1) New standards of professional conduct for attorneys
2) Insider trades during pension fund blackout periods
3) Conditions for use of non-GAAP financial measures
4) All of the above

Answer 1

As a response to major accounting scandals, the Sarbanes-Oxley Act led to various SEC rules including conduct standards for attorneys, insider trade prohibitions during blackouts, and conditions for non-GAAP measures, so the answer is 'All of the above'.

Step-by-step explanation:

The Sarbanes-Oxley Act of 2002 was a legislative response to a series of major accounting scandals, with the goal of restoring confidence in the financial information provided by public corporations. To address these concerns, the Act resulted in the implementation of several new rules by the Securities Exchange Commission. The rules included:

Therefore, the correct answer to the question regarding which rules were implemented as a result of the Sarbanes-Oxley Act is '4) All of the above.