The Justice Department has aggressively tackled financial misconduct in two recent high-profile cases, the type typically handled by the Securities and Exchange Commission.
This week, Justice exacted a record $13 billion settlement with JPMorgan Chase to resolve allegations that the bank knowingly sold faulty mortgage securities. Earlier this year, it slapped Standard & Poor’s with a lawsuit that accused the firm of defrauding investors by issuing stellar ratings on shoddy securities.
‘Enforcement 40’ for 2020
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