SEC Charges Two Firms and Their CEOs With Securities Fraud in Municipal Bond Market SEC Charges California Investment Adviser With Impersonating Clients to Steal From Accounts
Sep 27

The Securities and Exchange Commission today charged the Federal Home Loan Mortgage Corporation (Freddie Mac) with securities fraud in connection with improper earnings management beginning as early as 1998 and lasting into 2002. To settle the SEC’s charges, Freddie Mac agreed to pay a $50 million penalty, which is expected to be distributed to injured investors through a Fair Fund.

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