Which of the following act 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, effectively repealing portions of the Glass-Steagall Act of 1933. The other options (A, B, and C) are not responsible for rolling back these rules.

Which of the Following Act Is Responsible for Rolling Back