The Big Push in Private Banking Law

The Big Push in Private Banking Law

Financial services modernization legislation known as the Gramm-Leach-Bliley Act of 1999, or the GLB Act, makes a number of significant changes in the federal law governing the activities of financial institutions operating in the United States, with especially dramatic changes impacting their private banking operations. Connie Lloveras, "Semillitas" 30x22, Mix media/paper, 2000 The exemption from broker-dealer registration with the Securities and Exchange Commission (SEC) traditionally afforded to banks has been repealed by the GLB Act, essentially requiring that securities activities currently c

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