May 11, 2017
An investor in residential mortgage-backed securities has objected to the U.S. Securities and Exchange Commission's plan to distribute a $75 million judgment against J.P. Morgan Securities LLC for hiding delinquent loans, saying the plan leaves out investors.
January 04, 2017
A D.C. federal judge on Wednesday said the U.S. Securities and Exchange Commission should not have followed pop group TLC's advice, “Don’t go chasing waterfalls,” by failing to consult the Internal Revenue Service on a “waterfall” distribution of a $75 million judgment against JPMorgan Securities LLC.
November 16, 2012
JPMorgan Securities LLC and Credit Suisse Securities USA agreed Friday to pay $417 million to settle regulators' claims over cash settlements they allegedly kept for themselves after receiving them from mortgage loan originators for soured loans that banks sold to residential mortgage-backed securities trusts.