More Wall Street Banks Face Criminal Probes: Report

Law360, New York (May 13, 2010, 11:11 AM EDT) -- The U.S. Securities and Exchange Commission and federal prosecutors are reportedly working together on an early-stage criminal probe of several major Wall Street banks, examining whether the banks misled investors about their roles in mortgage-bond deals.

JPMorgan Chase & Co., Citigroup Inc., Deutsche Bank AG and UBS AG are all under scrutiny and have received civil subpoenas from the SEC as part of an investigation examining their selling and trading of mortgage-related deals, the Wall Street Journal reported Thursday, citing an unnamed source familiar with the...
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