The 1933 law that prohibited commercial banks from underwriting corporate security issues,as well as a host of other things is

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The Glass-Steagall Act, officially known as the Banking Act of 1933, was a law that aimed to restore confidence in the banking system after the Great Depression. One of the key provisions of the act was the separation of commercial and investment banking activities. This meant that commercial banks were no longer allowed to underwrite corporate security issues, among other things. The act was in place for more than six decades until it was repealed in 1999 by the Gramm-Leach-Bliley Act.

The 1933 Law That Prohibited Commercial Banks from Underwriting Corporate