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Browse: Home / 2009 / February / 06 / SEC: “Stay Tuned” for More Subprime-Related Enforcement Actions

SEC: “Stay Tuned” for More Subprime-Related Enforcement Actions

By Securities Docket on February 6, 2009, 4:55 pm

Rosalind Tyson, regional director of the SEC’s Los Angeles office, stated today at PLI’s 2009 SEC Speaks that the SEC expects to file additional subprime-related enforcement actions and has dozens of “very active” investigations underway.  “We expect to be filing additional actions in this space, stay tuned,” she said.

Reuters reports that Tyson said the agency is looking at mortgage originators, mortgage securitizers, credit rating agencies, and sellers of mortgage-backed securities.  She added that one difficulty in the SEC’s subprime investigations is proving fraudulent intent. “Poor business judgment does not equate to fraud,” she said.

Read the Reuters article

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Posted in SEC | Tagged Features, Speeches, Subprime

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