In the past,whistleblowers were known as persons with a universal moral calling.However,seldom did these individuals receive tangible rewards for their efforts.When it was all said and done,they often fell into hard times.Whistleblowers got a boost in 2010,with the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act.A provision of this act permits whistleblowers to_____________________.

Question

Quizplus · Accepted Answer

The passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act permits whistleblowers to receive up to 30% of the penalty funds that exceed $1 million that the courts recover from companies proven to be in violation. This is a tangible reward for their efforts and can provide a financial incentive for individuals to come forward with information about securities violations. Choice A is incorrect as the provision does not guarantee job security for whistleblowers. Choice C is incorrect as whistleblowers can report securities violations in any company, not just where they are employed. Choice D is incorrect as there is no automatic reward of $1 million for reporting a securities violation.

In the Past,whistleblowers Were Known as Persons with a Universal