LexisNexis® Legal Newsroom
Commission Lowers Penalties From Third to Second Tier

Eric J. Brown, Matthew J. Collins, Kevin J. Walsh, Mark W. Wells , Exchange Act Rel. 66469, February 27, 2012 The Commission upheld sanctions against three respondents in connection with sales or supervision of sales of variable annuities. It dismissed the case against one individual. The...

Bank of America to Pay $9.3B to Settle FHFA Securities Claims

WASHINGTON, D.C. — (Mealey’s) Bank of America Corp. on Wednesday agreed to pay $9.3 billion to settle claims in four separate lawsuits that it, as well as Merrill Lynch & Co. and Countrywide Financial Corp., sold toxic, private-label, residential mortgage-backed securities (RMBS) to Fannie...

Cay Clubs Executives Arrested In Central America To Face U.S. Obstruction And Fraud Charges

Just weeks after a Florida federal judge dismissed the Securities and Exchange Commission's civil enforcement action accusing five executives of a failed real estate company of operating a $300 million Ponzi scheme, the Department of. Justice announced that two of the executives had been arrested...