In January 2023, the Securities and Exchange Commission (SEC) reproposed a Conflicts of Interest Rule to implement Section 27B of the Securities Act of 1933, a provision added by Section 621 of the Dodd-Frank Act. Originally introduced in 2011, the rule prohibits an underwriter or sponsor from engaging in securitization transactions that would involve or result in any material conflicts of interest with respect to any investor in the transaction. SFA has formed this Task Force to respond to the SEC’s proposed rule and ensure industry concerns are fully considered prior to the release of a final rule.