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Federal Regulators Just Sued JPMorgan And RBS For Lying To Investors

Posted by Jeremy Resnick | Jan 20, 2014 | 0 Comments

Miami Foreclosure Attorney, Aaron Resnick, on recent lawsuit.

Federal Regulators just sued JPMorgan and RBS for lying to credit unions in offering documents for mortgage-backed securities. The offering documents that RBS and JPMorgan gave to investors, specifically credit unions, contained “untrue statements of material fact,” or “omitted to state material facts” in violation of state and federal securities laws, says a new lawsuit filed against the firms by the National Credit Union Administration.
The NCUA seeks $565 million from RBS and $278 from JPMorgan.

Read more: http://www.businessinsider.com/federal-regulators-just-sued-jpmorgan-and-rbs-for-lying-to-investors-2011-6#ixzz1PrnH8JMt

About the Author

Jeremy Resnick

Attorney Damien Aranguren is a native Floridian and was raised in Osceola County. Damien graduated with his undergraduate degree from the University of Central Florida in 2004. He received his Juris Doctor degree from Stetson University College of Law in 2008  before being hired as an Assistant A...

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