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.
Only 9 of the 13 states had to ratify the Constitution in order for the new government to go into effect. (Article Seven) All 13 eventually did, but North Carolina (1789) and Rhode island (1790) did so after the government was already in operation (March 4, 1789).