Monday, November 1, 2010

SEC Investigating Deal Between JPMorgan and Hedge Fund Magnetar

 The Securities and Exchange Commission is investigating whether JPMorgan Chase allowed a hedge fund to improperly select assets for a $1.1 billion deal backed by subprime mortgages, according to people familiar with the probe.
Called "Squared" and completed in May 2007, the deal was a collateralized debt obligation, or CDO, made up of pieces of other.... (read more by clicking here)

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