JPM To Pay $153.6 Mln To Settle SEC CDO Charges

21 Jun 2011

JPMorgan Securities has agreed to pay $153.6 million to settle charges by the U.S. Securities and Exchange Commission that it misled investors in a synthetic collateralized debt obligation, just as the housing market was beginning to collapse.

JPMorgan Securities has agreed to pay $153.6 million to settle charges by the U.S. Securities and Exchange Commission that it misled investors in a synthetic collateralized debt obligation, just as the housing market was beginning to collapse. The product in question was known as Squared CDO 2007-1 and ...

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