The SEC: Outmanned, Outgunned, and On a Roll - Businessweek
The SEC has also settled lawsuits against J.P. Morgan Securities (JPM), Wachovia Capital Markets, and Goldman Sachs for misleading investors in securitized debt packages, such as collateralized debt obligations, during the financial crisis. It has been particularly attentive to Goldman Sachs. The SEC extracted a record $550 million settlement from the bank two years ago in a case involving a claim that the Wall Street firm had misled investors in a CDO on the eve of the financial crisis
