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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...

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