The Securities and Exchange Commission today charged Merrill Lynch with making faulty disclosures about collateral selection for two collateralized debt obligations (CDO) that it structured and marketed to investors, and maintaining inaccurate books and records for a third CDO.
Merrill Lynch agreed to pay $131.8 million to settle the SEC’s charges. Continue reading “SEC Charges Merrill Lynch With Misleading Investors in CDOs”

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