As such, investment bankers are required to abide by their firm's stipulated code of conduct and will generally sign a confidentiality agreement, given the sensitive nature of the information they receive.
In September of 1787, it was sent to the states for ratification. Nine of the 13 states would have to ratify it for the Constitution to become effective for those ratifying states. The future was not certain at allâa debate began among the states over ratification.
They decided to drop the matter. Instead, on September 28, Congress directed the state legislatures to call ratification conventions in each state. Article VII stipulated that nine states had to ratify the Constitution for it to go into effect. Beyond the legal requirements for ratification, the state conventions fulfilled other purposes. The Constitution had been produced in strictest secrecy during the Philadelphia convention.