Which of the following is responsible for rolling back many of the rules against commercial banks offering investment banking activities?
A) The Securities Act of 1933.
B) The Securities Exchange Act of 1934.
C) The Glass-Steagall Act of 1933.
D) The Financial Services Modernization Act of 1999.

Question

Quizplus · Accepted Answer

The Financial Services Modernization Act of 1999, also known as the Gramm-Leach-Bliley Act, is responsible for rolling back many of the rules against commercial banks offering investment banking activities. It allowed for the consolidation of banking and securities industries, leading to the creation of financial conglomerates that offer a wide range of financial services.

Which of the Following Is Responsible for Rolling Back Many