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NY AG appoints new investor protection chief

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New York Attorney General Eric Schneiderman appointed a new chief to lead the Investor Protection Bureau, an internal office known for probing abuses by Wall Street banks when it comes to the sale of mortgage-backed securities. Per Reuters:

Chad Johnson, 46, a veteran securities lawyer who joined the attorney general's office last year, replaces Marc Minor, who resigned after holding the position from March 2011 through August.

In recent weeks, Johnson has represented the New York attorney general in negotiations with JPMorgan Chase & Co over government mortgage probes, according to a person familiar with those negotiations who is not authorized to speak publicly about the matter.

Source: Reuters
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