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The Financial Stability Oversight Council (FSOC)created by the Dodd-Frank Wall

Question 60

Multiple Choice

The Financial Stability Oversight Council (FSOC) created by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 has the power to


A) break up companies deemed to pose a threat to the nation's financial markets even if the company is not insolvent.
B) compel the SEC to assume an oversight position over institutions that pose a global risk to financial markets.
C) approve or disapprove executive compensation packages, including bonuses, regarding companies deemed too big to fail.
D) criminally prosecute officers and board members of companies that are found to have committed fraud and that have harmed the public or the national economy.

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