In connection with this theme, the Commission also highlighted the use of claw-back authority under Sarbanes-Oxley Section 304 to order the return of executive compensation even though the executives were not personally accused of engaging in any misconduct. Section 304 of the Sarbanes-Oxley Act of 2002 requires the CEO and CFO of a public company that is required to restate financial results as a result of "misconduct" to reimburse the issuer for any bonus or other incentive or equity-based compensation received, and any profits realized from the sale of the issuer's securities, by that person in the year following the initial financial report. Section 304 does not require that a chief executive officer or chief financial officer engage in, or be aware of, misconduct to trigger the reimbursement requirement. During 2022, the Commission utilized SOX 304 in at least four enforcement actions to recover compensation from executives who were not accused of engaging in misconduct. [6]