SEAC 84-15

A financial statement may be amended. However, because the statute does not expressly provide for amendments, the failure to timely file a complete and accurate statement as required by the Act subjects the filer to civil liability for late filing. A late amendment would not necessarily subject the filer to criminal liability, which requires a finding of knowingly and willfully failing to file an accurate statement. Whether or not a criminal violation of disclosure requirements has occurred must be determined on a case by case basis by the appropriate finder of fact.