In The News
| July 26, 2010
SEC Guidance and No-Action Address 436(g) Repeal Issues
The Securities and Exchange Commission has taken swift action to address one of the undoubtedly long list of issues stemming from the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The staff of the Division of Corporation Finance has issued guidance and no-action relief to deal with an issue stemming from the Act’s repeal of Rule 436(g) under the Securities Act of 1933, which threatened to effectively freeze asset-backed securities markets and cause a major disruption in the fixed income markets.
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