Items Tagged with 'Prospectus'


  • There Was a Surprise in the Dodd-Frank Act?

    Last week, various corners of the mediamonde asserted that the Dodd-Frank Act's repeal of Rule 436(g), under the Securities Act of 1933, caught Nationally Recognized Statistical Rating Organizations (NRSROs) like Standard and Poor's, Moody's Investors Service and Fitch Ratings by surprise.
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  • NPR Offers Remedial MBS Analysis for Regulators

    I'm going all the way to the end of my limb to say, as often as possible, in as many different ways as I can, that I believe the Federal Deposit Insurance Corp. (FDIC) and the Securities and Exchange Commission (SEC) are misleading themselves and the American public by insisting that asset-backed securitization will resume if only they rewrite the current rules for disclosure. The enhancements they are calling for substantially exist already, and to call for them anew disingenuously implies that they don't.
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  • Law Firm Seeks Class Action Against Countrywide Securitization Trust

    I don't usually highlight every class action pendency filed these days against a publicly-held or traded financial or mortgage industry firms, but a press release today caught my eye -- a California-based law firm is suing a Countrywide securitization trust, Countrywide Capital V, for securities fraud. From the press statement:
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