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SEC Drops Suit Against GSC Group Exec Over Risky CDO

By Carolina Bolado ( November 19, 2012, 8:35 PM EST) -- The U.S. Securities and Exchange Commission on Friday dropped its suit in New York federal court against a GSC Group Inc. executive accused of letting a hedge fund choose risky securities for a collateralized debt obligation that led to JPMorgan Chase & Co.'s $154 million settlement with regulators....

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