FORFEITURE OF CERTAIN BONUSES AND PROFITS.
(a) ADDITIONAL COMPENSATION PRIOR TO
REPORTING REQUIREMENTS.— If an
to prepare an accounting restatement due to
of the issuer, as a result of misconduct, with
reporting requirement under the securities
laws, the chief
officer and chief financial officer of the
(1) any bonus
or other incentive-based or equity-based
that person from the issuer during the
period following the first public issuance or
Commission (whichever first occurs) of the
embodying such financial reporting
profits realized from the sale of securities
that 12-month period.
EXEMPTION AUTHORITY.—The Commission
person from the application of subsection (a),
necessary and appropriate.