Mar. 15, 2023
Dear Sir/Madam, I am writing to express my concerns regarding the proposed exceptions for market makers, hedge funds, and entities with liquidity issues in the SEC's rule on the prohibition against conflicts of interest in certain securitizations. Market integrity is paramount, particularly in the aftermath of bank failures, and entities that participate in securitizations, including market makers and hedge funds, must be held to the highest standard. I believe that exempting these entities from conflict of interest regulation would be a step backwards, particularly given recent concerns about the integrity of US equities markets. In my view, stricter regulatory oversight is necessary to ensure that all securitization participants are held accountable for any conflicts of interest that could potentially harm ABS investors. Therefore, I urge the SEC to reconsider the proposed exceptions and adopt a more rigorous approach to this important issue. Thank you for your attention to this matter. Sincerely, James Pearsons