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Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Securities and Exchange Commission (SEC) will pay _____ percent of the amount the government recovers from financial fraud if the whistleblower provides original information leading to a recovery of more than a million dollars. Group of answer choices

Respuesta :

The Securities and Exchange Commission (SEC) will pay 5 to 8 percent of the amount.

What is Dodd-Frank Wall Street Reform and Consumer Protection Act ?

  • In reaction to the financial crisis of 2007–2008, the Dodd–Frank Wall Street Reform and Consumer Protection Act was developed. The legislation, which is named for its supporters Sen.
  • Christopher J. Dodd (D-Conn.) and Rep. Barney Frank (D-Mass. ), contains a number of provisions that are detailed throughout 848 pages and were intended to be implemented over a number of years.
  • A significant piece of financial reform legislation known as the Dodd-Frank Wall Street Reform and Consumer Protection Act was passed in 2010 by the Obama administration.
  • The Dodd-Frank Wall Street Reform and Consumer Protection Act, more often known as the "Dodd-Frank Act," created a number of new government organizations tasked with monitoring the law's many provisions and, consequently, various facets of the financial system.

Know more about Dodd-Frank Wall Street Reform and Consumer Protection Act with the help of the given link:

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