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Federal Regulators Just Sued JPMorgan And RBS For Lying To Investors

Posted by Jillian Postal | 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

Jillian Postal

Jillian Postal is an associate attorney at the Law Offices of Aaron Resnick, P.A. Jillian focuses her practice on commercial litigation matters, including breach of contract and business torts, alternative dispute resolution, and intellectual property. 

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