By Jacqueline Bell

Law360, New York (May 28, 2010, 1:21 PM ET) -- The Financial Industry Regulatory Authority is examining whether disclosures made about subprime mortgage-backed security offerings were accurate, the regulator's Enforcement Director James Shorris said.

During FINRA's annual conference Thursday, Shorris said the regulator was probing whether broker-dealers made misstatements about their subprime mortgage-backed security offerings, a FINRA spokesman confirmed to Law 360 Friday.

FINRA's enforcement director did not given any additional details of the probe during the conference, the FINRA spokesman noted.

In remarks at the 2010 FINRA annual conference Wednesday, Richard G. Ketchum, chairman and...