After the collapse of Enron Corporation and other major scandals that involved large companies, such as WorldCom, Tyco and Global Crossing, the investor public was left shaken. The government responded by passing the Corporate Responsibility Act of 2002, also known as the Sarbanes-Oxley Act.
Some commentators consider the Sarbanes-Oxley act a success, and others feel that, because of make-up of the financial system, an Enron can occur again.