Merkley, Brown Applaud SEC for Moving Towards Finalizing Conflicts of Interest Rule for Asset-Backed Securities
January 27, 2023
January 27, 2023
WASHINGTON, Jan. 27 -- Sen. Jeff Merkley, D-Oregon, issued the following statement on Jan. 26, 2023:
* * *
Oregon's U.S. Senator Jeff Merkley and Banking and Housing Committee Chairman Sherrod Brown (D-OH) applauded the Securities and Exchange Commission (SEC) for reintroducing proposed rulemaking to address conflicts of interests in the securitization market.
"Conflicts of interest in the securitization market contributed to the 2008 economic collaps . . .
* * *
Oregon's U.S. Senator Jeff Merkley and Banking and Housing Committee Chairman Sherrod Brown (D-OH) applauded the Securities and Exchange Commission (SEC) for reintroducing proposed rulemaking to address conflicts of interests in the securitization market.
"Conflicts of interest in the securitization market contributed to the 2008 economic collaps . . .