SEC Approves Mortgage Trade Disclosure Rules for Finra’s Trace
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The U.S. Securities and Exchange Commission approved rules intended to increase transparency in a corner of the market for mortgage- and asset-backed bonds.
The SEC agreed to a plan by the Financial Industry Regulatory Authority to create public reporting for trades of so-called specified government-backed mortgage bonds and securities tied to Small Business Administration loans, according to an Oct. 23 notice posted on its website.