The Rise of the Secondary Market for Emerging Growth Equities– Necessary But Insufficient
Pascal's View
MAY 13, 2011
1999 : Provisions that prohibit a bank holding company from owning other financial companies were repealed on November 12, 1999, by the Gramm-Leach-Bliley Act. 2001: Decimalization (further loss of economics to provide market support for small companies), by reducing minimum commissions from 12.5 cents or 6.25 cents or 6.25
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