Mar. 15, 2023
CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. The proposed "Prohibition Against Conflicts of Interest in Certain Securitizations" rule aims to protect investors in the securitization market by prohibiting certain conflicts of interest that could harm their investments. It would require issuers to disclose any material conflicts of interest that may arise in the securitization process, helping investors make more informed investment decisions. Additionally, the rule increases transparency by requiring issuers to disclose certain information about the securitized assets and their performance. The proposed rule also aims to prevent abuses that could contribute to financial crises. By prohibiting certain activities such as the origination of mortgages with limited documentation and the use of teaser rates that mask the true cost of borrowing, the rule aims to prevent abuses that could lead to market instability. In summary, the "Prohibition Against Conflicts of Interest in Certain Securitizations" rule is a positive step towards creating a more stable, transparent, and investor-friendly securitization market. Sincerely, Robert D’alessandro Sent from my iPhone