SEC Fines NM Bank $1.5M Over Fudged Loan Accounting
By Carmen Germaine ( September 28, 2015, 8:13 PM EDT) -- The U.S. Securities and Exchange Commission on Monday announced that New Mexico-based Los Alamos National Bank and its owner agreed to pay $1.5 million to settle charges that former senior executives of the bank conspired to avoid reporting loan losses during the financial crisis....
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