INVESTOR PROTECTION ACT

A portion of the Wall Street Reform and Consumer Protection Act of 2009 that aims to amplify Securities and Exchange Commission (SEC)’s authorities. Under the act, it put up a whistleblower reward for reporting financial fraud, elevated liability for aiding and abetting, and doubled SEC funding over a five-year period, among others. This aims to avoid some of the problems that brought the 2008-2009 financial crisis from happening again in the future.