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Home | J.P.Morgan settles SEC fraud charges |
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J.P.Morgan settles SEC fraud charges
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- June 23, 2011
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J.P.Morgan Securities is to pay $153.6 million to settle allegations that it misled investors in a complex mortgage securities transaction, just as the US housing market was starting to plummet. Fraud charges brought by the Securities and Exchange Commission (SEC) allege that the firm structured and marketed a “synthetic” collateralized debt obligation (CDO), known as [...]
- Read more at:http://www.bankingtimes.co.uk/2011/06/22/j-p-morgan-settles-sec-fraud-charges/
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