Mar. 15, 2023
CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. The SEC proposal states: "Fundamentally, the re-proposed rule is intended to prevent the sale of ABS that are tainted by material conflicts of interest. It seeks to accomplish this goal by prohibiting securitization participants15 from engaging in certain transactions that could incentivize a securitization participant to structure an ABS in a way that would put the securitization participant’s interests ahead of those of ABS investors." I believe there should be no exceptions at all. Hedge funds, market makers and other powerful market participants will quickly exploit the new situation. If markets are meant to be stable and fair, the rules should apply even more firmly to the richest, most powerful participants. Do not allow these broad exceptions suggested in the re-proposed rule. Toya Albert