Replies to post #191124 on DD Support Board and Research Team

[bar1080]

Fixed income securities will be exempted because they are almost never troublesome and because buyers tend to be sophisticated and diversified. Many bonds are rated by credit rating firms such as S&P, Fitch and Moody's.

I own individual bonds and bond funds. Had one tiny issue default in decades, a revenue tax exempt debenture that was luckily an insured issue.

[janice shell]

They must have given it at least some thought, because from the start, they exempted municipal bonds. But there're tons of others, mostly traded by institutions. It's a very big market.

I don't remember whether there were any comments about bonds while the comment period was still open. If there were, I didn't read them.

But I think it'd be easy enough for the SEC simply to exempt them, as they did the munis.