With the extension of the glass Steagall act, the security frauds of the late 1990s and early 2000s could have been prevented. The Act refers to four provisions of the United States Banking Act of 1933 that distinguish commercial and investment banking.
Securities fraud, also known as stock fraud or investment fraud, is a deceptive practice in the stock or commodity markets that induces investors to make purchase or sale decisions based on false information, frequently resulting in losses and a violation of securities laws.
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