Problem 1.) One of the problems that Congress was concerned about was defendants who destroyed evidence might escape conviction via limitations in the coverage of existing statutes. Explain how the Sarbanes-Oxley Act (SOX) addresses this.
Problem 2.) People who commit securities fraud and are fined by state or federal authorities, ordered to disgorge profits, or lose civil damage judgments may seek to avoid paying them by declaring bankruptcy and discharging those obligations. Explain how Sarbanes-Oxley Act (SOX) deals with this.