The change would be an implementation of Section 27B of the Securities Act of 1933, a provision added by Section 621 of the Dodd-Frank Act. The proposal will be open for comment for 60 days following publication on the SEC website, and would take the form of new Securities Act
SEC floats new rule to prevent conflict of interest in ASB trading
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A rule amendment aimed at preventing the sale of asset-back securities (ASB) that are tainted by conflicts of interest has been proposed by the SEC.