A convertible note financing business and its owners settled SEC charges for failing to register as a securities dealer.
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The SEC set an effective date of February 5, 2024 effective date for its final rule prohibiting an asset-backed "securitization participant" from engaging in any transaction that could involve or result in a material conflict of interest.
The SEC adopted a final rule to prohibit an asset-backed "securitization participant" from engaging in any transaction that could involve or result in a material conflict of interest.
The SEC charged a firm and its sole officer for failing to register as a dealer in connection with its "convertible notes business."
Comments on an SEC proposal prohibiting an asset-backed security "securitization participant" from engaging in any transaction that would involve or result in material conflicts of interest are due by March 27, 2023.