Answered: What was established as a result of the…

What was established as a result of the passage of the Dodd Frank law by Congress to provide incentives to assist in the enforcement of federal securities law violations?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

What was established as a result of the passage of the Dodd Frank law by Congress to provide incentives to assist in the enforcement of federal securities law violations?

Expert Solution

Step 1

The answer for the theory question on the passage of Dodd Frank law is presented hereunder :

The full name of Dodd Frank law is Dodd Frank Wall Street Reform and Consumer Protection Act and it was proposed in the year 2008. But the comprehensive Act was enacted in 2010.

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