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Article: SIFMA Testifies on Auction Rate Securities Before House Financial Services Committee
- Article from:
- US Fed News Service, Including US State News
- Article date:
- September 18, 2008
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Securities Industry and Financial Markets Association issued the following news release:
In testimony (http://www.sifma.org/legislative/testimony/pdf/SIFMA-ARS-Testimony-09-18-08.pdf) delivered today at the House Financial Services Committee hearing on the auction rate securities market, Leslie Norwood, managing director and associate general counsel at the Securities Industry and Financial Markets Association (SIFMA), outlined the factors which led to failed auctions and presented the steps SIFMA has taken to obtain regulatory relief for issuers and investors in auction rate securities. Ms. Norwood also highlighted SIFMA's support of efforts to promote transparency in the auction rate ...