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 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 provision provides a tangible reward for whistleblowers and incentivizes individuals to come forward with information about wrongdoing. Option A is incorrect as the provision does not guarantee job security. Option C is incorrect as whistleblowers can report violations in any company, not just the one they are employed in. Option D is incorrect as there is no automatic reward of $1 million, and job retention is not guaranteed.

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