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LEGAL TERMS DIRECTORY
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z Glass-Steagall The Banking Act of 1933 that separated commercial banks from investment bankers and prohibited commercial banks or their affiliates from underwriting securities. Because an underwriting is technically an investment in securities and a resale, the underwriter must have capital to cover a prescribed ratio to the amount of the underwriting. Taking banks out of the business severely limited the number of investment bankers, which had sufficient capital to do underwriting. The Federal Reserve Board of Governors had been gradually relaxing the Glass-Steagall restrictions until the Act was finally repealed in 1999. Welcome to our Legal Directory
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Legal & Compliance, LLC 330 Clematis Street, Ste. 217 West Palm Beach, FL 33401 Phone: 800-341-2684 Local: 561-514-0936 Fax: 561-514-0832 E-mail: LauraAnthonyPA@aol.com www.PublicCompanyCompliance.com |