True or False: Dodd-Frank reduced the protections available to whistleblowers.

The statement is false because the Dodd-Frank Wall Street Reform and Consumer Protection Act, enacted in response to the 2008 financial crisis, actually enhanced protections for whistleblowers. The Act established the Securities and Exchange Commission's (SEC) whistleblower program, which provides incentives and protections for individuals who report violations of securities laws. It aims to encourage reporting of misconduct without the fear of retaliation from employers. Under Dodd-Frank, whistleblowers may receive monetary rewards based on the amount recovered from the enforcement actions that stem from their reports. This bolsters the protections afforded to whistleblowers, making it easier for individuals to come forward with information about wrongdoing in financial institutions and corporations.