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Results: 11-20 of 109

Post-trade transparency amendments are approved

Winston & Strawn LLP
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USA
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October 29 2012

On October 23rd, the SEC approved the Financial Industry Regulatory Authority's proposal relating to post-trade transparency for agency pass-through mortgage-backed securities transactions and SBA-backed asset-backed securities transactions

FINRA fines Guggenheim for failure to supervise

Winston & Strawn LLP
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USA
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October 15 2012

On October 11th, FINRA announced that it had fined Guggenheim Securities, LLC of New York $800,000 for failing to supervise two collateralized debt obligation (CDO) traders who engaged in activities to hide a trading loss

Mortgage backed securities lawsuits

Winston & Strawn LLP
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USA
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October 8 2012

On October 2nd, the federal and state members of the Residential Mortgage Backed Securities ("RMBS") Working Group announced their first legal action since the working group's formation earlier this year

FINRA proposes amendments regarding post-trade transparency

Winston & Strawn LLP
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USA
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September 17 2012

On September 7th, the SEC provided notice of FINRA's filing of a proposal relating to post-trade transparency for agency pass-through mortgage-backed securities transactions and SBA-backed asset-backed securities transactions

Investors who purchased risky investments must live with losses

Winston & Strawn LLP
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USA
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August 20 2012

On August 13th, the U.S. District Court dismissed a securities fraud lawsuit brought by investors in a company which bought residential mortgage-backed securities on margin

Second Circuit stays SEC-Citigroup trial

Winston & Strawn LLP
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USA
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March 26 2012

On March 15th, the Second Circuit agreed to hear on an interlocutory basis, the SEC's and Citigroup Global Markets Inc.'s appeal of the federal district court's order denying the parties' proposed settlement

Mortgage-backed securities case remanded to state court

Winston & Strawn LLP
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USA
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March 5 2012

On February 27th, the Second Circuit ordered Black Rock's mortgage-backed securities ("MBS") lawsuit against Bank of America and Countrywide back to state court

Collateralized loan obligations

Winston & Strawn LLP
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USA
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February 6 2012

On January 31st, the New York Times' DealBook discussed the uncertainty surrounding collateralized-loan obligations and whether, and to what extent, they will be subject to the Dodd-Frank Act's risk retention requirements

SEC designates longer period to consider proposal to provide MBS clearing services

Winston & Strawn LLP
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USA
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January 17 2012

On January 10th, the SEC designated March 9, 2012, as the date by which it will either approve or institute proceedings to determine whether to disapprove the Fixed Income Clearing Corporation's proposal to allow its Mortgage-Backed Securities Division to provide guaranteed settlement and central counterparty services

District court proceedings stayed while SEC appeals judge's refusal to approve proposed Citigroup settlement

Winston & Strawn LLP
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USA
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January 3 2012

On December 27th, the Second Circuit granted the SEC's emergency motion to stay the district court proceedings in its case against Citigroup concerning a collateralized debt obligation