Letters

Antimanipulation Provisions of the Exchange Act

Summary

SIFMA and the International Swaps and Derivatives Association (ISDA) provide comments to the Securities and Exchange Commission (SEC) on a proposed rule, which expands the antimanipulation provisions of Section 9 of the Exchange Act and authorizes the Commission to adopt rules to prevent fraud, manipulation, and deception in connection with security-based swaps (SBS), Proposed Rule 9j-1; Release No. 34-63236; File No. S7-32-10.  The associations share their concerns that the proposed rule would expand beyond the statutory approach, is overly broad and creates significant market uncertainty.

PDF

Submitted To

SEC

Submitted By

SIFMA, ISDA

Date

23

December

2010