The Glass-Steagall Act was passed in 1933 and separated investment and commercial banking in response to the participation of commercial banks in investments in the stock market.
The Government Accounting Standards Board (GASB) is a private non-governmental organization that develops accounting standards for state and local governments.
The GAAP hierarchy is a four-level structure for choosing the principles that accountants should use when preparing the financial statements of non-government organizations.
The International Organization for Standardization (ISO) is an international non-governmental organization made up of national standards bodies that develops and publishes a wide range of private, industrial and commercial standards.
Financial advisers must comply with the Investment Advisers Act of 1940, which requires them to exercise fiduciary duties and act primarily on behalf of their clients.