Mar. 19, 2023
Dear Sir/Madam, I am writing to express my support for the proposed rule, "Prohibition Against Conflicts of Interest in Certain Securitizations," which was issued by the U.S. Securities and Exchange Commission (SEC) on January 18, 2022. I believe that this rule is imperative in protecting retail investors from manipulative parties like hedge funds and market makers. As a retail investor, I am concerned about the potential for conflicts of interest in securitization transactions that are backed by certain types of assets, including residential and commercial mortgages, auto loans, and leases, and other types of consumer loans. These types of securitizations can be complex, and it can be difficult for individual investors to fully understand the risks involved. If market makers and hedge funds are able to engage in activities that involve conflicts of interest, this can further complicate matters and increase the risks for retail investors. I am therefore supportive of the proposed rule, which would prohibit any person involved in the structuring, arranging, or management of a securitization transaction from engaging in any activity that would involve or result in a conflict of interest with respect to any investor in the transaction. The proposed rule would provide important protections for retail investors by ensuring that those involved in securitization transactions act in the best interests of investors, and not in their own self-interest. I urge the SEC to carefully consider public comments on this proposed rule and to finalize it in a timely manner. I believe that this rule is an important step towards ensuring that retail investors are protected from manipulative parties like hedge funds and market makers. Thank you for your consideration. Sincerely, Wessel Jaegers