In 2002, following serious ethical violations by corporations such as Enron, the United States Congress passed the [blank].
A)Dodd-Frank Act
B)Insider Trading Act of 1988
C)Sarbanes-Oxley Act
D)Bank Integration Act of 1901

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act was passed in 2002 to address the ethical violations by corporations such as Enron. The act aimed to improve corporate governance practices and impose stricter disclosure requirements on publicly traded companies. The Dodd-Frank Act was passed in response to the 2008 financial crisis and focused on regulating the financial industry. The Insider Trading Act of 1988 deals specifically with insider trading in securities. The Bank Integration Act of 1901 is not related to the issue of corporate ethical violations.

In 2002, Following Serious Ethical Violations by Corporations Such as Enron