Whistleblowers have long been known as people with a universal moral calling. However, rarely did these individuals receive rewards for their efforts. In reality, they would often fall onto hard times. But in 2010, with the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, a provision permits whistleblowers to
A) remain at their jobs, after reporting a securities violation.
B) receive up to 30% of the penalty funds that exceed $1 million that the courts recover from companies proven to be in violation.
C) represent securities violations only in the companies where they are employed.
D) automatically receive up to a $1 million dollar reward for reporting a securities violation, as well as retain his/her job.

Question

Whistleblowers have long been known as people with a universal moral calling. However, rarely did these individuals receive rewards for their efforts. In reality, they would often fall onto hard times. But in 2010, with the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, a provision permits whistleblowers to
A) remain at their jobs, after reporting a securities violation.
B) receive up to 30% of the penalty funds that exceed $1 million that the courts recover from companies proven to be in violation.
C) represent securities violations only in the companies where they are employed.
D) automatically receive up to a $1 million dollar reward for reporting a securities violation, as well as retain his/her job.

Quizplus · Accepted Answer

The Dodd-Frank Wall Street Reform and Consumer Protection Act resulted from Wall Street bailouts and other questionable government bailouts of large corporations, who many claimed were too big to fail. In the past, employees of organizations who knew their employers were committing illegal and unethical actions were afraid to speak out for fear of reprisal. This legislation provides the potential for extrinsic rewards for employees who report questionable actions committed by their employers. If the courts recover funds from illegal transactions, the employee is promised a share these funds, 30% of any amount recovered after $1 million

Whistleblowers Have Long Been Known as People with a Universal