Court Opinion

ID: 8941449
Source: CourtListenerOpinion
Date Created: 2022-11-27 08:01:57.632912+00
Date Added: 2024-06-11T17:09:45.339825
License: Public Domain

NORRIS, Circuit Judge,
concurring specially:
I write separately only to make it clear that I believe the Comptroller’s decision allowing banks to operate common funds for Individual Retirement Accounts is consistent with both the Glass-Steagall Act and Investment Company Institute v. Camp, 401 U.S. 617, 91 S.Ct. 1091, 28 L.Ed.2d 367 (1971). Thus, I do not share Judge Reinhardt’s expressed reluctance to join the D.C. Circuit and the Second Circuit in upholding the Comptroller’s decision.