SEC Proposes Rule to Prohibit Conflicts of Interest in Certain Securitizations
- Written by Newsfile
Washington, D.C.--(Newsfile Corp. - January 25, 2023) - The Securities and Exchange Commission today proposed a rule to implement Section 27B of the Securities Act of 1933, a provision added by Section 621 of the Dodd-Frank Act. The rule is intended to prevent the sale of asset-backed securities (ABS) that are tainted by material...