The law of large numbers states that the observed random mean from an increasingly large number of observations of a random variable will always approach the distribution mean.
The Gramm-Leach-Bliley Act (GLBA), which is also known as the Financial Services Modernization Act of 1999, provides limited privacy protections against the sale of your private financial information. Additionally, the GLBA codifies protections against pretexting, the practice of obtaining personal information through false pretenses.
A. The law is Financial Services Modernization Act of 1999, also known as the Gramm-Leach-Bliley Act (GLB).It regulates the disclosure of non-public personal information by financial institutions.nstitutions of higher education, while not exempt from the definition of financial institutions, are generally excluded from the requirement to comply with the GLB privacy policy regulations as long as the institution complies with the Family Educational Rights and Privacy Act.