The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 included which of the following provisions to deal with conflicts of interest in the credit-rating Industry?

1. 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.
2. Forced credit-rating agencies to provide reports to the SEC when their employees go to work for a company that has been rated by them in the last twelve months.
3. Prohibited compliance officers from being involved in producing or selling credit ratings.
4. Required the SEC to prevent issuers of asset-backed securities from choosing the credit-rating agencies that will give them the highest rating and supported earlier initiatives by the SEC.
5. Authorized investors to bring lawsuits against credit-rating agencies for a reckless failure to get the facts when providing a credit rating.
A) 1, 2, 3, and 4.
B) 2, 3, 4, and 5.
C) none.
D) 1, 2, 3, 4, and 5.

D