Answer:
The US Banking Act of 1933, is the law that seperated investment and retail banking
Explanation:
The act refers to 4 provisions set in place to manage investment and retail banking those 4 are:
- dealing in non-governmental securities for customers,
- investing in non-investment grade securities for themselves,
- underwriting or distributing non-governmental securities,
- affiliating (or sharing employees) with companies involved in such activities
It was repealed in by President Clinton with the Financial Services Modernization Act of 1999
