The _____ States That There Should Be a Key Restriction

question 33

Short Answer

The _____ states that there should be a key restriction in the legislation to limit propriety trading-the ability of banks to trade on their own accounts.

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Definitions:

Authorized Stock

The maximum amount of stock that a corporation is legally permitted to issue, as authorized by its corporate charter.

State Charter

is an official authorization for the creation and operation of a corporation, bank, or other organization within a specific state.

Shares Outstanding

The total number of a company's shares that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s insiders.

Reacquired

Refers to assets, such as stock or securities, that have been bought back by the corporation or entity that initially issued them.