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<p><span>Today, the Commission is considering adopting two final rules related to the security-based swaps markets. I am pleased to support these rules because they will enhance the integrity of the security-based swaps markets.</span></p>
The proposal aims to save time and resources for both registrants and the SEC.
<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’s mandate to address conflicts of interests in the securitization market, which contributed to the 2008 financial crisis.</span></p>
<p><span>Today, the Commission will consider a proposal to require a certain segment of the equity market — marketable orders of individual investors — to be exposed to competition in fair and open auctions. I am pleased to support this proposal because, if adopted, it would promote competition for the orders of individual investors, to the benefit of these investors and our capital markets as a whole.</span></p>
<p><span>Today, the Commission will consider a proposal to enhance disclosure requirements for order execution quality. I am pleased to support this proposal because, if adopted, it would improve transparency on execution quality and facilitate investors’ ability to compare brokers, thereby enhancing competition in our markets.</span></p>