Which of the following is true with regard to the Dodd-Frank Act?
A. The Act made suing an agency for fraud easier by allowing investors to bring lawsuits against credit rating agencies that knowingly or recklessly failed to conduct a reasonable investigation of the rated security.
B. The Act dissolved the Office of Credit Ratings and relaxed internal controls by the credit rating agencies.
C. The Act restructured the ratings system.
D. The Act forced banks to separate their commercial banking and investment banking businesses.
Answer:A
Which of the following is true with regard to the Dodd-Frank Act?
A. The Act made suing an agency for fraud easier by allowing investors to bring lawsuits against credit rating agencies that knowingly or recklessly failed to conduct a reasonable investigation of the rated security. B. The Act dissolved the Office of Credit Ratings and relaxed internal controls by the credit rating agencies. C. The Act restructured the ratings system. D. The Act forced banks to separate their commercial banking and investment banking businesses.