
In coordination with the federal-state Residential Mortgage-Backed Securities Working Group, the Securities and Exchange Commission reached settlements with J.P. Morgan Securities LLC and Credit Suisse Securities (USA) concerning allegatgions of defrauding investors in offerings of residential mortgage-backed securities. The firms agreed to settlements in which they were to pay more than $400 million combined. For more info visit https://www.sec.gov/News/PressRelease/Detail/PressRelease/1365171486012