By NC West Virginia News |
Jan 26, 2024
WASHINGTON – Congressman Alex X. Mooney has introduced the Protecting Private Job Creators Act, a bill aimed at safeguarding the fixed-income market from burdensome Securities and Exchange Commission (SEC) disclosure requirements. The legislation seeks to exempt fixed-income securities, such as bonds, from a recent misinterpretation of an SEC regulation.In a statement, Congressman Mooney highlighted the need for clarity in the fixed-income market, stating, "The SEC's application of Rule 15c2-11 to fixed-income securities reverses decades of regulatory practice which threw...