U.S. Securities and Exchange Commission headquarters in Washington. Photo: Diego M. Radzinschi/ALM Lawmakers Urge SEC to Adjust Conflict-of-Interest Proposal, Citing Harm to Working Families
The proposal "would increase the cost and reduce the availability of financing across our economy," 25 congressmen wrote in a letter to the agency.
November 01, 2023 at 05:57 PM
3 minute read
Regulation
A bipartisan group of 25 congressmen has criticized the U.S. Securities and Exchange Commission's proposed rule to prohibit conflicts of interest in certain securitization transactions, saying the proposal would make it challenging for working families to get loans and financing.
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