Which of the following statements is incorrect with respect to the Financial Services Modernization Act of 1999?

Question 23 options:

a)	It complemented the Glass-Steagall Act.

b)	It enabled commercial banks to more easily pursue securities and insurance activities.

c)	It gave securities firms and insurance companies the right to acquire banks.

d)	The Act requires that commercial banks must have a strong rating in community lending in order to pursue additional expansion in securities and other nonbank activities.

e)	All of the above are true.