SEC to Probably Bring More Mortgage-Bond Cases, Muoio Says
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The U.S. Securities and Exchange Commission is likely to continue filing cases tied to residential-mortgage-backed securities, said Reid Muoio, deputy head of its structured and new products unit.
The agency has so far filed approximately 80 enforcement actions involving “wrongdoing generally associated with the financial crisis,” Muoio said today at the American Securitization Forum’s annual conference in Las Vegas. That included settlements last year with Credit Suisse Group AG and JPMorgan Chase & Co. over RMBS, he said.