Commercial banks have limited power to underwrite corporate securities since 1987.

Name: Commercial banks have limited power to underwrite corporate securities since 1987.
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This is true, as the Glass-Steagall Act of 1933 was repealed in 1999 which removed restrictions on commercial banks from engaging in underwriting activities. However, certain limitations and regulations still exist under the Securities Act of 1933 and other laws.

Commercial Banks Have Limited Power to Underwrite Corporate Securities Since