Which of the Following Was the Major Outcome of the Financial

Which of the following was the major outcome of the Financial Services Modernization Act of 1999?

A) It reversed the Glass-Steagall Act's prohibition of commercial banks selling insurance or acting as investment banks.
B) It established the Federal Reserve Insurance Corporation, which insured depositors against financial losses when a bank failed.
C) It prohibited misrepresentation or other forms of fraud in the sale of newly issued stocks and bonds.
D) It required that all publicly traded firms with at least 500 shareholders and $10 million in assets file quarterly and annual financial reports with the SEC.