TITLE

SEC files charges, levies penalties in two cases involving CMOs

AUTHOR(S)
Reynolds, Katherine M.
PUB. DATE
October 1997
SOURCE
Bond Buyer;10/06/97, Vol. 322 Issue 30245, p33
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the US Securities & Exchange Commission's filing of charges against broker-dealers over sales of volatile collateralized mortgage obligations. Alleged misrepresentations committed by Fundamental Portfolio Advisers and Fundamental Service Corp.; Penalty imposed against former Government Securities Corp. principal Frank Klaus for failing to act on the firm's violation of securities laws.
ACCESSION #
9710140959

 

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