08/12/2004 Issue

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What's Hot, What's Not: Sell-Side SEC Response; Fallen Angels
By Erika Morphy

What's Hot: The sell-side's response to the comment period for the SEC's ABS/MBS disclosure proposal. All told, according to Nomura Securities officials, the SEC received more than 40 comment letters in response to its proposal. Interestingly, the letters came in two waves, sources say. While the first wave of earlier responses appeared to set an even tone for debate and represented both buy and sell side respondents, a latter wave of comments were far more lopsided, coming mostly from the sell side.


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