Tag Archive: fraud

JPMorgan to pay $153.6 million to settle SEC charges in CDO deal

The SEC said J.P. Morgan Securities will pay $153.6 million to settle charges that the firm misled investors in a mortgage-backed securities transaction “just as the housing market was starting to plummet.” according to the Wall Street Journal.
Sounds like chump change to me, a mere smack on the wrist for allegedly participating in the biggest …

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