The Sarbanes-Oxley Act marked an important advance for several reasons one of which is that it
A) makes it easier to fire whistle blowers.
B) reduces the law's protection of employees who disclose securities fraud.
C) makes it illegal for executives to retaliate against employees who report possible violations of federal law.
D) provides penalties for blowing the whistle illegitimately or maliciously.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act makes it illegal for executives to retaliate against employees who report possible violations of federal law, which encourages employees to come forward without fear of reprisal. This provision strengthens whistleblower protections, which is important for promoting corporate transparency and accountability in preventing fraud and other financial wrongdoing.

The Sarbanes-Oxley Act Marked an Important Advance for Several Reasons