To improve and maintain investor confidence, which of the following acts was passed by the U.S. Congress in response to a series of corporate scandals?
A) Sarbanes-Oxley Act in 2002
B) Kennedy-Feingold Act in 2004
C) Lugar-Obama Act in 2008
D) None of these

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act was passed in response to a series of corporate scandals such as Enron and WorldCom. The act was passed to improve and maintain investor confidence by increasing corporate accountability, transparency, and to establish penalties for fraudulent activity. Kennedy-Feingold Act and Lugar-Obama Act are not relevant to improving and maintaining investor confidence.

To Improve and Maintain Investor Confidence, Which of the Following