A federal judge denied a motion to dismiss fraud charges brought by the SEC against a former trader. The SEC alleged that the trader misled customers in connection with costs of certain residential mortgage-backed securities.
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An investment bank agreed to pay over $2 billion to settle claims for alleged fraudulent conduct related to the underwriting and issuance of residential mortgage-backed securities.
The D.C. Court of Appeals ruled in favor of the Loan Syndications and Trading Association in its litigation against the SEC and the Federal Reserve Board over the application of risk retention rules to managers of collateralized loan obligations.