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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

firewall  

Definition 1.

The separation of banking and broker/dealer activities within the same financial institution, in order to comply with the Glass-Steagall Act.
 

Definition 2.

Legal barriers that prevent both the transference of inside information and the performance of financial transactions between commercial and investment banks.
 

Definition 3.

The legal barrier between banking and broker/dealer operations within a financial institution created to prevent the exchange of inside information.
 
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