The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010

Multiple Choice

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 created an Office of Credit Ratings at the SEC with its own staff and the authority to fine credit-rating agencies and to deregister an agency if it produces bad ratings. This is an example of which remedy of conflicts of interest?

A) Regulate for transparency.
B) Supervisory oversight.
C) Leave it to the market.
D) Socialization of information production.