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.
This is the formal process, outlined in Article VII, which required that nine of the thirteen states had to agree to adopt the Constitution before it could go into effect. As in any debate there were two sides, the Federalists who supported ratification and the Anti-Federalists who did not. We now know that the Federalists prevailed, and the U.S. Constitution was ratified in 1788, and went into effect in 1789. Read about their arguments below.