SEC Charges 2 Wall Street Brokers in $1 Billion Subprime-Related Auction Rate and Securities Fraud
Washington, D.C., Sept. 3, 2008 (LAWFUEL) – The Securities and Exchange Commission today charged two Wall Street brokers with defrauding their customers when making more than $1 billion in unauthorized purchases of subprime-related auction rate securities. The SEC’s Division of Enforcement in 2007 formed a subprime working group, which is aggressively investigating possible fraud, market
