Summary
WASHINGTON (Reuters) - Several U.S. investigations into subprime lenders involve possible insider trading before announcements of negative news about the lender, a Securities and Exchange Commission member said on Friday [March 20].
SEC Commissioner Elisse Walter said the agency is looking at whether subprime lenders properly accounted for loan loss reserves, impairment of asset values and whether they overvalued foreclosed property and other assets.See the full content of this document
Extract
Sec Probes Subprime, Builders, Hedge Funds
In remarks to a congressional hearing, Ms. Walter also said the SEC was looking at whether subprime lenders properly disclosed information, including data rega...
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