SEC Settles $3.3B Fraud Claim With Mexican Homebuilder
By Jack Newsham ( March 3, 2017, 2:05 PM EST) -- The U.S. Securities and Exchange Commission said Friday a Mexican housing giant that traded on the New York Stock Exchange before it recorded heavy losses and filed for bankruptcy in 2014 has agreed to a five-year ban from U.S. stock markets to settle claims that it overstated revenues by $3.3 billion between 2010 and 2013....
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