The sec filed civil false-certification charges against which u.s. financial institution

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20-09-2017
Business

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The sec filed civil false-certification charges against which u.s. financial institution

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talkingturkey talkingturkey · Answer 1 · 2017-10-02T19:31:03+02:00

If these were the given choices:
A) Wells Fargo
B) Countrywide
C) J.P. Morgan Chase
D) Bear Sterns
My answer would be C) J.P Morgan Chase The SEC filed civil false-certification charges against J.P Morgan Chase because they misled investors into investing in a complex mortgage securities transaction during the time when the housing market was starting to go down. J.P Morgan Chase agreed to pay a settlement that will reimburse the affected investors their total investments.