SOLVED

11) What is the Congressional act, enacted in 1933 and repealed in 1999, which prevented financial firms from being both commercial banks and investment banks? A) the Sarbanes-Oxley Act B) the Glass-Steagall Act C) the Taft-Hartley Act D) the Cellar-Kefauver Act 12) The Sarbanes-Oxley Act of 2002 requires that CEOs personally certify the accuracy of financial reports. 13) Briefly describe the Sarbanes-Oxley Act and explain why it was passed. 14) During 2007, many “subprime” and “Alt-A” borrowers began to default on their

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