Sarbanes-oxley act of 2002

20 
Sec. 105 
SARBANES-OXLEY ACT OF 2002 
of a subpoena to require the testimony of, and production 
of any document in the possession of, any person, includ-
ing any client of a registered public accounting firm, that 
the Board considers relevant or material to an investiga-
tion under this section. 
(3) N
ONCOOPERATION WITH INVESTIGATIONS
.— 
(A) I
N GENERAL
.—If a registered public accounting 
firm or any associated person thereof refuses to testify, 
produce documents, or otherwise cooperate with the Board 
in connection with an investigation under this section, the 
Board may— 
(i) suspend or bar such person from being associ-
ated with a registered public accounting firm, or re-
quire the registered public accounting firm to end such 
association; 
(ii) suspend or revoke the registration of the pub-
lic accounting firm; and 
(iii) invoke such other lesser sanctions as the 
Board considers appropriate, and as specified by rule 
of the Board. 
(B) P
ROCEDURE
.—Any action taken by the Board 
under this paragraph shall be subject to the terms of sec-
tion 107(c). 
(4) C
OORDINATION AND REFERRAL OF INVESTIGATIONS
.— 
(A) C
OORDINATION
.—The Board shall notify the Com-
mission of any pending Board investigation involving a po-
tential violation of the securities laws, and thereafter co-
ordinate its work with the work of the Commission’s Divi-
sion of Enforcement, as necessary to protect an ongoing 
Commission investigation. 
(B) R
EFERRAL
.—The Board may refer an investigation 
under this section— 
(i) to the Commission; 
(ii) to a self-regulatory organization, in the case of 
an investigation that concerns an audit report for a 
broker or dealer that is under the jurisdiction of such 
self-regulatory organization; 
(iii) to any other Federal functional regulator (as 
defined in section 509 of the Gramm-Leach-Bliley Act 
(15 U.S.C. 6809)), in the case of an investigation that 
concerns an audit report for an institution that is sub-
ject to the jurisdiction of such regulator; and 
(iv) at the direction of the Commission, to— 
(I) the Attorney General of the United States; 
(II) the attorney general of 1 or more States; 
and 
(III) the appropriate State regulatory author-
ity. 
(5) U
SE OF DOCUMENTS
.— 
(A) C
ONFIDENTIALITY
.—Except as provided in subpara-
graphs (B) and (C), all documents and information pre-
pared or received by or specifically for the Board, and de-
liberations of the Board and its employees and agents, in 
connection with an inspection under section 104 or with an 
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December 21, 2020 
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As Amended Through P.L. 116-222, Enacted December 18, 2020

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