SEC Approves Modified Proposal to Require MBS and ABS Trade Reporting on TRACE
February 26, 2010
The Securities and Exchange Commission this week approved a revised proposal from the Financial Industry Regulatory Authority to require bond traders to report MBS and ABS transaction information to FINRA’s electronic tracking system. The Trade Reporting and Compliance Engine, TRACE, was developed by FINRA in 2002 to help the agency improve its oversight of the corporate...