The Volcker Rule is officially ready to go, so what does this mean for Goldman Sachs, Morgan Stanley, and JPMorgan Chase? The rule is 892 pages and intended to curb the banking activities that many attribute to being the cause of the financial crisis that crippled the global financial system. In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss the rule and tell investors what it means for these 3 Wall Street firms.

David Hanson owns shares of Goldman Sachs and JPMorgan Chase. Matt Koppenheffer owns shares of Goldman Sachs, JPMorgan Chase, and Morgan Stanley. The Motley Fool recommends Goldman Sachs and Wells Fargo. The Motley Fool owns shares of JPMorgan Chase and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.