obioma income, a mutual fund company, had a free hand in its operations before the year 2010. however, after…

obioma income, a mutual fund company, had a free hand in its operations before the year 2010. however, after an alteration in the government rules, the company faced a number of restrictions in selling its shares to investors. which of the following acts is responsible for the alteration in the rules?\n\nthe sarbanes - oxley act\n\nthe glass - steagall act\n\nthe gramm - bliley - leach act\n\nthe dodd - frank act

obioma income, a mutual fund company, had a free hand in its operations before the year 2010. however, after an alteration in the government rules, the company faced a number of restrictions in selling its shares to investors. which of the following acts is responsible for the alteration in the rules?\n\nthe sarbanes - oxley act\n\nthe glass - steagall act\n\nthe gramm - bliley - leach act\n\nthe dodd - frank act

Answer

Brief Explanations:

The Dodd - Frank Act was passed in response to the 2008 financial crisis and imposed new regulations on financial institutions including restrictions on share - selling and other operations. The Sarbanes - Oxley Act focuses on corporate governance and accounting practices. The Glass - Steagall Act separated commercial and investment banking. The Gramm - Bliley - Leach Act dealt with financial modernization and consumer privacy in the financial sector.

Answer:

The Dodd - Frank Act