Rule 9j-1 of the Dodd-Frank Act
Published on:
July 8, 2011
Submitted to:
SEC
Submitted by:
SIFMA
Committee:
SIFMA provides comments to the Securities and Exchange Commission (SEC) on Proposed Rule 9j-1; Release No. 34-63236; File No. S7-32-10.
The SEC’s proposed rule expands the anti-manipulation provisions of Section 9 of the Exchange Act and authorizes the SEC to adopt rules to prevent fraud, manipulation and deception in connection with security-based swaps (SBS). SIFMA expresses concerns the Proposal is overly broad and does not accurately reflect relevant differences between SBS and securities.