SEC Announces Distribution of $60 Million Fair Fund to MBIA Investors Harmed by Accounting Fraud
Washington, D.C., March 27, 2009 (LAWFUEL) – The Securities and Exchange Commission today announced the distribution of the $60 million Fair Fund created as part of a settled SEC enforcement action against MBIA Inc. in 2007. The funds were distributed to approximately 20,000 investors who purchased MBIA’s securities from Sept. 11, 1998, through Nov. 22, […]