2007年level one note P15 example 1 什么意思？ statements, difficult, involved, official

jjuuhhuu

这个就看不太懂请高人帮忙解释一下,谢谢！！：

example 1:  

Michael Allen works for a brokerage firm and is responsible for an underwriting of securities. A company official gives Allen information indicating that the financial statements Allen filed with the regulator overstate the issuer's earnings. Allen seeks the advice of the brokerage firm's general counsel, who states that it would be difficult for the regulator to prove that Allen has been involved in any wrongdoing.