Ken reported misconduct in his organization to the Securities and Exchange Commission. He was able to provide substantial evidence and won the case. The amount recovered was over $1 billion. Which of the following laws states that Ken is eligible to receive between 10 and 30 percent of the amount recovered?

Question

Quizplus · Accepted Answer

The Dodd-Frank Wall Street Reform and Consumer Protection Act created a whistleblower program that provides financial incentives to individuals who report financial misconduct to the SEC. Whistleblowers can receive between 10 and 30 percent of the amount recovered if the reported misconduct leads to a successful enforcement action by the SEC. Therefore, Ken is eligible to receive a financial reward under this law.

Ken Reported Misconduct in His Organization to the Securities and Exchange