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Values Added by Mail and wire Fraud

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It should also include a best guess on why the creators of the congressional act felt it needed to be included. What value does it add?

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Solution Summary

The expert explains the value of these three movements.

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SOX Section 903 addresses wire and mail fraud. It increases the penalties currently listed under 18 U.S.C. § 1341. The importance of this change is that the in the Enron and Tyco cases, the fraudulent activity happened in the trading of stocks by insiders and inflation of stock prices which qualifies as fraudulent in relation to securities.

With the increase in the prison time it makes the penalties greater for ...

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