‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInUBS Inks $50 Million Deal with SEC in CDO Case — The Litigation Daily
Just days after a federal jury sided with the Securities and Exchange Commission and found former Goldman Sachs trader Fabrice Tourre liable for defrauding investors in a doomed collateralized debt obligation, UBS AG agreed Tuesday to pay $49.8 million to settle SEC allegations that it misled investors when it created a similar CDO in 2007. […]
SEC Probes Role of Hedge Fund in CDOs
SEC reportedly investigating hedge fund firm that bet on mortgage-bond deals that imploded.
SEC Compiles List of Financial Crisis Cases; Says More on the Way Soon
Head of SEC’s structured and new products unit says more financial crisis-related cases are on the way.
SEC expects to file further CDO charges
Chief of SEC’s structured and new products unit predicts additional cases will be filed over the next several months.
The Late Mover Advantage in Citigroup’s Settlement
Does recent Citigroup settlement has “late mover advantage” over 2010 Goldman settlement with SEC?
SEC and Citigroup Agree to $285 Million Settlement; Agency Claims Bank Misled Investors About CDO
SEC files settled enforcement action against Citigroup Global Markets alleging that it misled investors about a $1 billion CDO.
SEC Sues Stifel for Fraud Over Wisconsin School CDO Losses
SEC claims Stifel misled Wisconsin school districts about risks of complex CDOs.
Wells Fargo to pay $11.2 M in SEC case
Wells to pay $6.75 million in restitution plus a $4.45 million civil penalty in CDO case.
Wachovia Is Targeted by SEC Over Sale of CDOs
SEC reportedly preparing case against bank for overpricing mortgage-bond deals.