SEC proposal would require greater ABS disclosure

10/7/2010 | Wall Street Journal, The

The Securities and Exchange Commission has proposed requiring more disclosure on asset-backed securities by issuers and raters. "The Dodd-Frank Act imposes new disclosure obligations so that investors receive information about the representations and warranties and repurchase history so they may identify originators with clear underwriting deficiencies," the SEC said in a statement. The agency will accept comments regarding the proposal until Nov. 15.

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