The Wall Street Journal: SEC floats ban on Wall Street activities linked to 2009 financial crisis


U.S. regulators propose banning a Wall Street practice that lawmakers said was partly to blame for the 2008 financial meltdown. 

The Securities and Exchange Commission voted 5-0 Wednesday to re-propose a long-delayed rule that would prohibit conflicts of interest by entities that create asset-backed securities, such as mortgage bonds. The proposal will now be open for public comment until the commission considers whether to finalize the rule.


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