Asked by LaQuesha Jewell on May 18, 2024
Verified
Which of the following laws instituted a whistle-blower bounty program in which whistle-blowers are eligible to receive 10 to 30 percent of fines if their reports result in convictions of more than $1 million in penalties?
A) Title VII of the Civil Rights Act.
B) The Sherman Antitrust Act.
C) The Federal Sentencing Guidelines for Organizations.
D) The Sarbanes-Oxley Act.
E) The Dodd-Frank Act.
Dodd-Frank Act
Formally known as the Dodd-Frank Wall Street Reform and Consumer Protection Act, a comprehensive piece of financial reform legislation passed in 2010, aimed at reducing risks in the U.S. financial system.
Convictions
Firmly held beliefs or strong persuasions towards particular principles or courses of action.
- Learn about key legal requirements and statutes that influence business functionality and the necessity for regulatory compliance.
Verified Answer
MK
Manishaa KhannaMay 18, 2024
Final Answer :
E
Explanation :
The Dodd-Frank Act, enacted in 2010, instituted a whistle-blower bounty program that offers financial incentives to individuals who report violations of securities laws to the Securities and Exchange Commission (SEC). Whistle-blowers can receive 10-30% of the fines collected from the wrongdoer if their reports result in sanctions of over $1 million.
Learning Objectives
- Learn about key legal requirements and statutes that influence business functionality and the necessity for regulatory compliance.
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