Answer :
The results of actions taken against accountants, brokers, and other participants for making false or misleading claims are presented in Accounting and Auditing Enforcement Releases..
What is misleading statements?
Whether or not you are aware that a statement is untrue, it is nonetheless false when it is said. A remark is misleading when it conveys the wrong idea, is vague, confusing, or deceitful. A statement that is untrue is called a false statement. Although the term "fallacy" is occasionally used as a synonym for "false assertion," this is not how the term is used in the contexts of philosophy, mathematics, logic, and the majority of formal settings. Not all falsehoods constitute lies. Courts have determined that the claims made in these cases were false and deceptive, including the following: a manufacturer sold socks that were not made of pure cotton but were labelled as such; a store attached labels to clothing that displayed a bargain price and a higher, crossed-out price. But the clothing had never been sold for higher price.
What happens if someone gives a misleading statement?
State and federal penalties
Both on a federal and a state level, lying and perjury are considered felonies. Depending on the circumstances and the seriousness of the act, perjury may also result in fines and probation.
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