The Pecora Commission's findings about the 1929 stock market crash resulted in the

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The Pecora Commission's findings about the 1929 stock market crash led to the passage of the Glass-Steagall Act in 1933, which separated commercial and investment banking activities to prevent conflicts of interest and reduce the risk of another market crash. The Financial Services Modernization Act, also known as the Gramm-Leach-Bliley Act, was passed in 1999 and repealed parts of the Glass-Steagall Act, while the Federal Reserve Act was passed in 1913, prior to the stock market crash. The International Banking Act was passed in 1978 and regulates foreign banking operations in the United States.

The Pecora Commission's Findings About the 1929 Stock Market Crash