Wednesday, October 5, 2022
Home Tags RMBS


Ex-Jeffries trader sentenced to 24 months for RMBS fraud

Jesse C. Litvak, a former senior trader and managing director at Jeffries & Co., was sentenced to 24 months of imprisonment, followed by three years of supervised release.

Ex-Jeffries trader found guilty of securities fraud

Jesse C. Litvak also found not guilty on nine additional fraud charges.

Moody’s settles Connecticut lawsuit on misleading ratings

$864 million settlement also resolves federal charges.

Morgan Stanley owes $3.2 billion in mortgage securities case

Morgan Stanley agrees to pay $3.2 billion to states for deceptive mortgage practices that helped lead to the 2008 financial crisis.

NY attorney general sues JPMorgan

New York Attorney General Eric Schneiderman on Oct. 1 filed a civil lawsuit against Bear Stearns & Co., now a unit of JPMorgan Chase & Co., alleging Bear Stearns and its lending unit defrauded investors who purchased mortgage-backed securities.