Sapphinx Growth and Income, a mutual fund company, had a free hand in its operations before the year 2010. However, after an alteration in the government rules, the company faced a number of restrictions in selling its shares to investors. Which of the following acts is responsible for the alteration in the rules?

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Quizplus · Accepted Answer

The Dodd-Frank Act, enacted in 2010, introduced significant regulatory changes to the financial industry, including mutual funds, to increase transparency and reduce risks.

Sapphinx Growth and Income, a Mutual Fund Company, Had a Free