Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
42 lines
2.0 KiB
Markdown
42 lines
2.0 KiB
Markdown
---
|
||
type: "LegalText"
|
||
title: "15 U.S.C. § 7243"
|
||
description: "Forfeiture of certain bonuses and profits"
|
||
jurisdiction: "us"
|
||
corpus: "united_states_code"
|
||
kind: "code_section"
|
||
title_number: 15
|
||
title_name: "COMMERCE AND TRADE"
|
||
chapter_number: "98"
|
||
chapter_name: "PUBLIC COMPANY ACCOUNTING REFORM AND CORPORATE RESPONSIBILITY"
|
||
section: "7243"
|
||
citation: "15 U.S.C. § 7243"
|
||
status: "current"
|
||
release_point: "119-100"
|
||
release_date: "2026-06-26"
|
||
source: "official"
|
||
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip"
|
||
source_identifier: "/us/usc/t15/s7243"
|
||
source_file: "data/legal/raw/us/code/title-15/usc15.xml"
|
||
source_hash: "3c641c61424613d95ed3a1c2acabbb31bebb55552628e33a051f613e37c6d2ac"
|
||
raw_snapshot_hash: "6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059"
|
||
text_hash: "01165c42061f81a8f2168e025253e05b2eb81cc4eed76d39ae5bc0ba3f3a3bf6"
|
||
retrieved_at: "2026-07-04"
|
||
confidence: "official"
|
||
tags: ["legal", "us-code"]
|
||
---
|
||
|
||
# 15 U.S.C. § 7243 - Forfeiture of certain bonuses and profits
|
||
|
||
## Text
|
||
|
||
(a) Additional compensation prior to noncompliance with Commission financial reporting requirements If an issuer is required to prepare an accounting restatement due to the material noncompliance of the issuer, as a result of misconduct, with any financial reporting requirement under the securities laws, the chief executive officer and chief financial officer of the issuer shall reimburse the issuer for—
|
||
|
||
(1) any bonus or other incentive-based or equity-based compensation received by that person from the issuer during the 12-month period following the first public issuance or filing with the Commission (whichever first occurs) of the financial document embodying such financial reporting requirement; and
|
||
|
||
(2) any profits realized from the sale of securities of the issuer during that 12-month period.
|
||
|
||
(b) Commission exemption authority The Commission may exempt any person from the application of subsection (a), as it deems necessary and appropriate.
|
||
|
||
(Pub. L. 107–204, title III, § 304, July 30, 2002, 116 Stat. 778.)
|