Major scandals at Enron, WorldCom, and Tyco led to the passage of which law in 2002?
A) The Securities and Exchange Commission Act
B) The Sarbanes-Oxley Act
C) The Banking Regulation and Overhaul Act
D) The Federal Trade Commission Act

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act was passed in 2002 in response to major scandals at Enron, WorldCom, and Tyco. It aimed to increase corporate responsibility and financial disclosures to protect investors from fraudulent practices.

Major Scandals at Enron, WorldCom, and Tyco Led to the Passage