RBS To Pay $150M In Mortgage-Backed Securities Settlement

Law360, New York (November 07, 2013, 1:56 PM ET) -- A subsidiary of Royal Bank of Scotland PLC on Thursday agreed to a settlement of more than $150 million with U.S. securities regulators in a case alleging the firm misled investors about its review of home loans underlying a $2.2 billion 2007 mortgage-backed securities offering.

According to a complaint the U.S. Securities and Exchange Commission filed in federal district court in New Haven, Conn., RBS Securities Inc. made it appear to investors that it had done a full review of the mortgages in the Soundview Home...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Securities and Exchange Commission v. RBS Securities Inc.


Case Number

3:13-cv-01643

Court

Connecticut

Nature of Suit

Securities/Commodities

Judge

Warren W. Eginton

Date Filed

November 7, 2013

Law Firms

Companies

Government Agencies