SEC: Rule targets asset-backed securities
The SEC is seeking comment on a proposed rule that would require issuers of asset-backed securities to disclose more about the underlying loans and, in some circumstances, retain part of the potential risk.
The SEC is seeking comment on a proposed rule that would require issuers of asset-backed securities to disclose more about the underlying loans and, in some circumstances, retain part of the potential risk. The rule, proposed in response to the financial meltdown that arose from investors purchasing
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