please define a \"gramm-leach-bliley act of 1999\"
Start Trading Forex Now!

Q: please define a "gramm-leach-bliley act of 1999"

Category: glossary , Asked by: Asia Z. From Roubaix, France

A: "gramm-leach-bliley act of 1999" is A regulation that Congress passed on November 12, 1999, which attempts to update and modernize the financial industry. The main function of the Act was to repeal the Glass-Steagall Act that said banks and other financial institutions were not allowed to offer financial services, like investments and insurance-related services, as part of normal operations. The act is also known as Gramm-Leach-Bliley Financial Services Modernization Act. Due to the horrific losses incurred as a result of 1929's Black Tuesday and Thursday, the Glass-Steagall act was created originally during the 1930s in order to prevent bank depositors from additional exposure to risk associated with stock market volatilities. As a result, for many years, banks were not legally allowed to act as brokers. Since many regulations have been instituted since the 1930s to protect bank depositors, GLBA was created to allow the financial industry to offer more services. Visit FXCM

    please define a "settlement options"

    Category: glossary by B. B. From Corpus Christi, United States

    The various options available to the beneficiaries of a life insurance policy in the event of the death of the insured. For example a lump sum or an income.

    please tell me what the "bullish harami" is

    Category: glossary by Zack X. From United States

    a "bullish harami " is A candlestick chart pattern in which a large candlestick is followed by a smaller candlestick whose body is located within the vertical range of the larger body. In terms of candlestick colors, the bullish harami is a downtrend of negative-colored (black) candlesticks engulfing a small positive (white) candlestick, giving a sign of a reversal of the downward trend. Because the bullish harami indicates that the falling trend (bearish trend) may be reversing, it signals that it's a good time to enter into a long position. The smaller the second (white) candlestick, the more likely the reversal.

    Which forex site offers the easiest to understand download?

    Category: technical by W. V. From West Valley City, United States

    Definitely "FX club" - the download and installation of the place's platform is pretty much an a piece of cake. The communication is flowing, you never break off even once while you're downloading, and it's simple to learn and get started.

Ask a question

Full name:
Email:
Country:
Human?
Question:
Featured Question
    Are you familiar with a forex site that's famous for its small commission charges you can recommend me of
    We think "AVA FX" is definitely the one to consider if you need an online fx platform with no commission at all. They charge no commission in this one, the platform graphics are completely soothing, you can start with relatively small deposits - from $100, and the customer service is first class.

    Check out foreign exchange brokers like Easy Forex, Forex Trading USA or ForexWebTrader; focus on a cell phone compatible connection, Beginner friendly service, a customer support service and smooth downloads. In the following languages: portuguese, turkish, deutsch and russian, monitored by ASIC(AU), FSA(JP) and OSC(CA).