JPMorgan Chase accused in two mortgage-backed securities cases
Banking giant is accused of misleading big investors about the riskiness of mortgage-related securities it was selling as the home-loan market was melting down. In the SEC's case, it agrees to pay $153.6 million. In a one-two punch to its reputation, JPMorgan Chase & Co. was accused by regulators in separate cases of misleading big investors about the riskiness of mortgage-related securities it ...
Source: Los Angeles Times
