Until 1999,the ________ Act(s)prohibited banks in the United States from both accepting deposits and underwriting securities.

Question

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The Glass-Steagall Act, also known as the Banking Act of 1933, separated commercial banking and investment banking activities. It prohibited banks from accepting deposits and underwriting securities simultaneously until it was repealed in 1999. Sarbanes-Oxley is a different act that was passed in 2002 and regulates financial reporting and corporate governance. The SEC is a regulatory agency responsible for enforcing federal securities laws.

Until 1999,the ________ Act(s)prohibited Banks in the United States from Both