discuss the impact of the glba on the financial services industry

Instructions

In order to complete assignment #4, you will need to answer the below questions. Please complete the questions in a Word document and then upload the assignment for grading. When assigning a name to your document please use the following format (last name_Assignment #4). Use examples from the readings, lecture notes, and outside research to support your answers. The assignment must be a minimum of the 1-full page in length with a minimum of 2 – outside sources. Please be sure to follow APA guidelines for citing and referencing sources. Assignments are due by 11:59 pm Eastern time on Sunday.

1. Chapter 6 noted that Friendster has obtained a number of social networking patents that it could potentially assert against other social networking sites such as Facebook and MySpace. Suppose you are corporate counsel at one of these two companies and you expect that you may eventually be sued by Friendster. In addition to contesting the validity or enforceability of the Friendster patents, what are some of your other options? 

2. The CEO of a small but promising start-up company is in need of an experienced engineer to head up a key aspect of the business and has selected Sam as a leading candidate. If hired, Sam would not only be exposed to the proprietary technology that already provides a significant advantage in the market but would be tasked with developing additional proprietary information and software. Sam is currently an employee of XYZ Corp., a competitor of the start-up. What potential problems might the CEO want to consider? What steps could the CEO take to address these problems?

3. Read about the Gramm–Leach–Bliley Act (GLBA). Discuss the impact of the GLBA on the financial services industry