ABS market abuse

Jan 2017: Soc Gen fined $50m for misrepresenting the quality of loans in a RMBS securitisation deal. Details here of the complaint and here of statement of facts and here of settlement release

Deutsche (here) and Credit Suisse (here) have paid large settlements also.

Similar complaints are listed below

Barclays' fraudulent sale of RMBS (Dec 2016) and here

Morgan Stanley misrepresentation of underlying mortgages in a RMBS (Feb 2016)

Bank of America RMBS fraud