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.
In Section III, I provide a brief history of the Glass-Steagall Act. Act, which made its impact less revolutionary. advantages of the GLBA from a competitive point of view. financial services industry and how they are affected by the Gramm-Leach Bliley Act.