Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Friday, December 21, 2007

SEC Investigates Mortgage Valuations on Wall St.

The SEC is conducting more than three dozen investigations into mortgage-securities pricing, including at many of the big Wall St. firms like Bear Stearns, Merrill Lynch, Morgan Stanley and UBS.  Issues include whether they should have disclosed earlier the declining values of their mortgage securities portfolios and how they priced the securities, including whether they valued the same securities held in their own trading accounts higher than those held in the asset management group or trading accounts of customers.  WSJ, Pricing Probes On Wall Street Gather Steam.

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