The Glass-Steagall Act of 1933 ended the ability of commercial banks to act as underwriters of newly issued securities.

Name: The Glass-Steagall Act of 1933 ended the ability of commercial banks to act as underwriters of newly issued securities.
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This is true. The Glass-Steagall Act established a separation between commercial banking and investment banking activities. Commercial banks were prohibited from underwriting newly issued securities, which was left to the discretion of investment banks.

The Glass-Steagall Act of 1933 Ended the Ability of Commercial