In a sign the pipeline for crisis-era cases has largely run dry, the SEC renamed the unit that brought many of its cases for shoddy mortgage securities that allegedly fueled the 2008 financial crisis.
The “Structured and New Products Unit” is being renamed the “Complex Financial Instruments” unit, SEC Enforcement Director Andrew Ceresney will tell the U.S. House financial services committee, according to a copy of his prepared remarks….
‘Enforcement 40’ for 2020
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