Sec 201 - Broker-Dealer Functions in Banks

Section 201 of the Gramm-Leach-Bliley Act permits banks to perform broker-dealer activities, allowing them to buy, sell, and underwrite securities while still operating under banking regulations. The provision sets standards for supervision, capital, and record-keeping to safeguard the safety and soundness of the institution and protect consumers. It integrates securities functions into depository institutions with oversight by banking and securities regulators.