U.S. regulators, as part of a broad probe of how Wall Street firms bundled mortgage-linked financial products as the housing crisis worsened, notified a former JPMorgan Chase & Co . executive he may be sued for his role in selling the securities.
U.S. regulators notified a former JPMorgan Chase & Co . executive whose unit packaged mortgage- linked investments that he may be sued for his role in selling the securities as the housing crisis worsened in 2007.
Dominic Inglot was working for Bank of America Corp.’s Merrill Lynch two years ago when he took a chance that brought him back on the grass tennis courts of Wimbledon, this time as a ranked player, not a stand-in for a movie actor.
JPMorgan Chase & Co. , the only Wall Street bank to remain profitable throughout the financial crisis, is in “advanced” negotiations to resolve its piece of a broader U.S. Securities and Exchange Commission investigation into how mortgage-linked securities were packaged and sold as the housing market unraveled.