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.
In December 1787, Delaware became the first state to ratify the document. On June 21, 1788, New Hampshire ratified the constitution, giving it the theoretically sufficient endorsement of nine states, but New York and Virginia had yet to agree. Without them, the federal government couldn't function.