Articles Tagged with ''SEC''

St. Joe Company, former execs settle with SEC over alleged real estate overvaluing

Company accused of "materially overstating" earnings during financial crisis
The St. Joe Company, one of Florida’s largest landowners and real estate developers, and several of the company's former executives settled charges brought by the Securities and Exchange Commission, which accused the company of overvaluing its real estate holdings during the financial crisis.
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SEC settles with former Fannie Mae execs over subprime fraud

The settlement amount is much smaller than you think
A 2011 lawsuit brought by the Securities and Exchange Commission against two former Fannie Mae executives is over. The execs were charged with misleading investors about the quality of subprime mortgages. However, it's the fine print that is leaving people wondering.
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SEC, U.S. Attorney charge three former Nomura RMBS traders with fraud

Allegedly repeatedly lied to customers, trained junior traders to do the same
The Securities and Exchange Commission and the U.S. Attorney’s Office for the District of Connecticut are charging three former Nomura Securities International residential mortgage-backed securities traders with fraud, accusing the trio of “repeatedly lying” to customers about the pricing information of mortgage bonds and defrauding customers of millions of dollars.
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