First Faculty Advisor
consumer privacy; Gramm-Leach Bliley Act; GLBA;financial services; Finance
The financial services industry has fascinated me since high school when I participated in a University Program focusing on the industry. During this time I became familiar with the Gramm-Leach Bliley Act (GLBA) and other legislation that was reshaping the industry. In this paper I shed light on key events and acts that have transformed the financial services industry with a particular focus on the GLBA. I argue that the GLBA is not revolutionary, but rather evolutionary. Second, I argue that the consumer privacy portion of the GLBA is the most vital part because of the massive amount of personal information available in today’s market. Finally, the Gramm-Leach Bliley Act impacts me directly since I hope to become a Financial Advisor and the provisions of the Act will permit me to sell all types of financial instruments.