SEC Charges Firm with Misleading Investors in Subprime RMBS Offerings

The SEC charged three affiliated entities with misleading investors in a pair of residential mortgage-backed securities ("RMBS") securitizations that the firms underwrote. According to the SEC Order, the firms misrepresented the current or historical delinquency status of mortgage loans underlying two subprime RMBS securitizations.

See: SEC Order; SEC Press Release.