Securities and Exchange Commission Races to Meet Deadlines for Mortgage Fraud Lawsuits

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Securities and Exchange Commission Races to Meet Deadlines for Mortgage Fraud Lawsuits

Securities and Exchange Commission Races to Meet Deadlines for Mortgage Fraud Lawsuits

We already see these words…

“They neither admit, nor deny”

Wall Street Cheat Sheet-

The Securities and Exchange Commission is expected to be filing charges related to the sale of mortgage-linked securities against more Wall Street firms. These should hopefully conclude the various probes arising out of the financial meltdown, at least in the near term.

“It’s fair to say we’re not at the end,” said Kenneth Lench, chief of the structured and new products unit in the SEC enforcement division in a recent interview with the Financial Times. “There will be a handful of additional cases, I believe, over the next several months.”

The news will affect all the banks (NYSEARCA:KBE) involved in the mortgage debacle: …

[WALL STREET CHEAT SHEET]

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