Which of the following statements is true regarding the Financial Reform Act of 2010?
Due to conflict of interests, rating agencies are now longer allowed to be paid by the issuers of debt.
Because of the Act, investors are now allowed to sue a rating agency in the situation where the issuing agency should have known that the ratings were not accurate.
The credit ratings issued by Moody's Investors Service & Standard and Poor's are now considered guarantees rather than opinions.
Rating agencies are now limited in issuing credit ratings only for investment-grade bonds.