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Video: SEC Standoff Stalls Bank Of America's Mortgage Settlement:

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ClipSyndicate	Oct 27 2014, 04:14 AM [ Post #1 ] [Reply]
Newbie Group: Members Posts: 0 Joined: 23-January 12 Member No.: 51	Citing sources familiar with the matter, Bloomberg News reported, a standoff within the U.S. Securities and Exchange Commission is stalling the final piece of Bank of America Corp's record $16.65 billion settlement with the U.S. government tied to troubled mortgage-backed securities. The report said, the settlement, announced in August, has hit a roadblock due to a dispute between the SEC's commissioners over waiving a set of additional sanctions that will come to effect when the settlement is entered in court. Bloomberg reported, the disagreement is over the waiver that will allow the bank to seek investors for private firms.?? View the full article View the full article
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Oct 27 2014, 04:14 AM [ Post #1 ]

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Citing sources familiar with the matter, Bloomberg News reported, a standoff within the U.S. Securities and Exchange Commission is stalling the final piece of Bank of America Corp's record $16.65 billion settlement with the U.S. government tied to troubled mortgage-backed securities. The report said, the settlement, announced in August, has hit a roadblock due to a dispute between the SEC's commissioners over waiving a set of additional sanctions that will come to effect when the settlement is entered in court. Bloomberg reported, the disagreement is over the waiver that will allow the bank to seek investors for private firms.??

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