Daily Archives: August 7, 2013, 4:53 pm

Hedge fund Magnetar Won’t Face Charges Tied to Mortgages – WSJ

Securities and Exchange Commission enforcement officials have decided not to recommend filing civil charges against hedge-fund firm Magnetar Capital LLC, which teamed up with Wall Street firms to create mortgage securities that suffered billions of dollars in losses during the financial crisis, according to people familiar with the situation. The decision is a sign the SEC’s investigations into whether companies…

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DOJ, SEC Accuse Bank of America of Lying to Investors — The National Law Journal

The U.S. Department of Justice on Tuesday filed suit against Bank of America Corp. and its affiliates, accusing them of lying to investors about the riskiness of residential mortgage-backed securities. In a parallel civil action, the U.S. Securities and Exchange Commission filed a lawsuit lodging similar allegations. via DOJ, SEC Accuse Bank of America of Lying to Investors — The National Law…

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