The SEC (U.S. Securities and Exchange Commission) has been investigating the sales and marketing of mortgage bond deals by financial firms and lenders. Now, it is expanding the probe to include credit rating agencies. The SEC believes that the agencies, McGraw Hill’s Standard & Poor and Moody’s Investors Service (both owned by Moody’s Corp), may not have done enough research Read full article »
Tag archives for Securities And Exchange Commission
Fannie Mae’s former CEO may have some explaining to do to the SEC. Daniel Mudd, former CEO of Fannie Mae, was the recipient of a Wells notice from the Securities and Exchange Commission, which is considering taking legal action against him. A Wells notice informs the recipient that the SEC is considering legal action and allows the recipient to preempt Read full article »
INVESTMENTS in the real estate industry increased last year, overtaking the agriculture sector, which ranked second in 2007 next to the wholesale and retail sector, the Securities and Exchange Commission (SEC) reported.