The Dodd-Frank Wall Street Reform and Protection Act stipulated that if more than $1 million is collected, the whistle-blower is entitled to _____ of the monies collected.
A)between 10 and 30 percent
B)a minimum of 50 percent
C)a minimum of 75 percent
D)between 50 and 75 percent

Question

Quizplus · Accepted Answer

The Dodd-Frank Wall Street Reform and Protection Act stipulates that if a whistle-blower provides original information to the SEC that leads to a successful enforcement action resulting in monetary sanctions exceeding $1 million, the whistle-blower may receive an award of between 10 and 30 percent of the total amount collected. The exact percentage is determined by the SEC based on a number of factors, including the significance of the information provided by the whistle-blower and the degree of assistance provided to the SEC in the investigation and enforcement action.

The Dodd-Frank Wall Street Reform and Protection Act Stipulated That