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SEC's ABS Proposal Could Spell Added Costs For Issuers

The Bond Buyer quoted Mintz Member Charles Samuels about the SEC's proposed reintroduction of an ABS rule that would stop individuals involved in securitization transactions from shorting the securitizations they create. Chuck said, "We are taking a close look at it to see what its potential impact would be. We are grateful that the SEC suggests that maybe municipal securities should be exempt from this regulation and that probably is a position that we will support. If the type of transactions that they are concerned about do not exist or are infrequent in the municipal bonds arena then there is no good reason to impose new obligations on participants in our sector." 


The Bond Buyer