SEC probes Change Company over mortgage-backed securities sold to Wall Street

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - The US Securities and Exchange Commission is probing The Change Company, a California lender that pledges to promote homeownership in underserved communities, over its mortgage-backed securities, Bloomberg News reported on Monday.

The regulator is also looking into some of the actions of its chief executive officer, Steven Sugarman, the report said, citing people with direct knowledge of the matter. "Neither Change nor its leadership is aware of any SEC investigation," the report said, citing the company.Share story:

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Woman Becomes The Top Performer In A New Company, Drops To Bare Minimum After Being InvestigatedAccusing your most valuable employee of cheating is probably not the best way to make them feel appreciated at work...
Source: boredpanda - 🏆 18. / 72 Read more »

Company Will Lay Off This Person, Asks Them To “Remain Professional” And Train The ReplacementsCompany fired this person without any notice or severance and expects them to train the underqualified replacements before they go.
Source: boredpanda - 🏆 18. / 72 Read more »

Isbank to Pool Units in New Holding Company to Boost EfficiencyTurkey’s biggest listed bank by assets will spin off its units to a new holding company in a bid to manage them more efficiently.
Source: BNNBloomberg - 🏆 83. / 50 Read more »