J.P. Morgan Securities LLC settles with SEC

As the mortgage crisis and subprime debacle came and went, scars were left on the financial landscape across the Unted States and elsewhere around the world. Did those who caused the problem escape with minimal damage? Banks are finding out how to settle allegations against them while using damage control to offset publicity. Balance sheets …

SEC is looking at originators, servicers, and big pictures

The SEC claims to be awake and actually doing something. The U.S. Securities and Exchange Commission expects to file additional subprime-related enforcement actions and has dozens of “very active” investigations underway, an SEC official said on Friday. Will this result in questions the SEC does not want to answer? Only a few days after Washington …