by Chairman Mary SchapiroU.S. Securities and Exchange Commission
Washington, D.C.
Good Morning. This is an open meeting of the U.S. Securities and Exchange Commission on Sept. 19, 2011.
The Commission today will consider whether to propose a rule related to conflicts of interest in the structuring and offering of asset backed securities. It stems from Section 621 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
This rule is designed to ensure that those who create and sell asset-backed securities cannot profit by betting against those same securities at the expense of those who buy them.
See full Transcript.
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