Lawmakers, regulators scrutinize CDOs, sources say

12/24/2009 | NYTimes.com

Lawmakers, the Securities and Exchange Commission and the Financial Industry Regulatory Authority are looking into synthetic collateralized debt obligations, sources said. The investigations are said to be in the early phases, but officials reportedly appear to be looking at whether firms that created and sold the mortgage-linked debt instruments, and then subsequently bet against clients who bought them, violated any laws or rules.

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