Page 2 - Ben Meeks News Today : Breaking News, Live Updates & Top Stories | Vimarsana

<p><span>Today, the Commission is considering whether to re-propose rules to prohibit a range of market participants that sell or sponsor asset-backed securities (ABS) from taking positions against those very products. I am pleased to support this re-proposed rule as it fulfills Congress&rsquo;s mandate to address conflicts of interests in the securitization market, which contributed to the 2008 financial crisis.</span></p>

<p><span>The Commission is proposing to implement Section 621 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.</span><span>&nbsp;Even though it has been said frequently, I&rsquo;d like to commend the work of so many tireless advocates, public servants, and elected officials in shepherding through a statute to protect American investors and their families, and to reduce the likelihood of a recurrence of the events that led up to the Global Financial Crisis of 2007-2008. And I also want to applaud the Commission staff for ensuring that Dodd-Frank,...

<p><span>Thank you, Chair Gensler. I support putting out a new proposal as a step toward compliance with a more-than-decade-old mandate from Congress,</span><span>&nbsp;but I have numerous questions about its content. The proposal should narrowly implement this mandate given the admitted lack of problems in the market. The release acknowledges that &ldquo;[c]urrent market practices may be generally consistent with the re-proposed rule requirements as a result of market participants&rsquo; current compliance with the existing rules and reputational incentives...

The Pittsylvania County Board of Supervisors' first business meeting of the year lasted less than one hour and did not include any hint of the tension that had often erupted

• Bryan Hawkins, founder and president of Hawkeye Industries Inc., is the recipient of the 2022 Power of Industry Award.