Why was the JPMorgan RMBS case brought by the New York attorney general, and not by the SEC or Justice Department under our federal securities laws? Investor deception should be right down the SEC's alley. Instead, the charges were filed under New York's nebulous Martin Act.
Susan Beck's Summary Judgment: BofA Settlement and JPMorgan Case Highlight SEC's Tepid Response
The Litigation Daily
October 3, 2012
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