SIFMA Statement On SEC Proposal To Implement Rules Related To Conflicts Of Interest For ABS

Richard Dorfman, managing director and head of SIFMA’s Securitization Group, today released the following statement on the SEC’s proposal to implement rules related to conflicts of interest under Section 621 of the Dodd-Frank Act:

“SIFMA stands by the letter it issued in December 2010.  The Commission should issue rules implementing Section 621 that do not create unnecessary or prohibitive restrictions on the asset-backed securitization (ABS) markets, such as restricting industry practices that are fundamental to the issuance of ABS, and that will not be detrimental to the healthy functioning of the securitization markets, which are an integral part of the United States capital markets.”