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SEC charges former New Century execs with fraud
The Securities and Exchange Commission (SEC) has charged three former top officers of New Century Financial Corporation with securities fraud for misleading investors as New Century's sub-prime...
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SEC charges State Street for misleading investors about sub-prime mortgage...
The Securities and Exchange Commission (SEC) has charged Boston-based State Street Bank and Trust Company with misleading its investors about their exposure to sub-prime investments while selectively...
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SEC charges Goldman Sachs with fraud tied to sub-prime mortgages
The Securities and Exchange Commission (SEC) charged Goldman Sachs & Company and one of its vice presidents for defrauding investors by misstating and omitting key facts about a financial product...
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SEC finds mismanagement of CDOs tied to mortgage-backed securities
The Securities & Exchange Commission (SEC) has charged Thomas Priore, a New York-based investment advisor, and three of his affiliated firms with fraudulently managing investment products tied to...
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Citigroup to pay SEC's $75 million penalty for misleading investors on...
The Securities and Exchange Commission has charged Citigroup Inc. with misleading investors about the company's exposure to sub-prime mortgage-related assets. The SEC also charged one current and one...
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SEC Charges Two State Street Employees for Misleading Sub-Prime Mortgage Info
The Securities & Exchange Commission (SEC) has charged a pair of employees at Boston-based State Street Bank and Trust Company with misleading investors about their exposure to sub-prime...
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SEC Settles With Former Countrywide CEO Mozilo for $67.5 Million
Angelo Mozilo, co-founder of Countrywide, and two former Countrywide executives have agreed to pay out $67.5 million to the Securities and Exchange Commission (SEC) to avoid a trial on insider trading...
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SEC Announces MBS Violations by Wachovia
The Securities & Exchange Commission (SEC) announced that Wells Fargo Securities LLC agreed to settle charges that Wachovia Capital Markets LLC engaged in misconduct in the sale of two...
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JP Morgan Pays Up for CDO Misdeeds to the Tune of $153.6 Million
The Securities & Exchange Commission (SEC) has announced that JP Morgan Securities LLC will pay $153.6 million to settle SEC charges that it misled investors in a complex mortgage securities...
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SEC Charges Former GSE Heads for Mortgage Securities Fraud
The Securities and Exchange Commission (SEC) charged six former top executives from Fannie Mae and Freddie Mac with securities fraud, alleging they knew and approved of misleading statements claiming...
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SEC Charges Three Thornburg Mortgage Execs With Accounting Fraud
The Securities & Exchange Commission (SEC) has charged the senior-most executives at Thornburg Mortgage Inc. with hiding the company’s deteriorating financial condition at the onset of the...
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SEC Reaches $28.2 Million Settlement With Option One on Bad Sub-prime...
The Securities & Exchange Commission (SEC) has charged H&R Block subsidiary Option One Mortgage Corporation with misleading investors in several offerings of sub-prime residential...
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RMBS Working Group Establishes New Methods to Investigate MBS Misconduct
The Residential Mortgage-Backed Securities (RMBS) Working Group has announced new resources in their efforts to investigate misconduct, including the launch of a RMBS Web site to report fraud and the...
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SEC Charges JP Morgan and Credit Suisse With Misleading Investors in RMBS...
In coordination with the federal-state Residential Mortgage-Backed Securities Working Group, the Securities & Exchange Commission (SEC) charged JP Morgan Securities LLC and Credit Suisse Securities...
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