Fannie Mae Ex-Executives Settle SEC Charges
September 21 2015 - 5:50PM
Dow Jones News
WASHINGTON—Two former Fannie Mae executives accused by
regulators of hiding hundreds of millions of dollars from investors
settled their case Monday for a total of $35,000.
The Securities and Exchange Commission filed charges against the
housing finance company's former chief risk officer and the head of
its single-family lending unit in 2011, in one of its most high
profile cases stemming from the financial crisis.
The SEC agreed to end a similar case against three former
executives of Freddie Mac in April for a total of $310,000.
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(END) Dow Jones Newswires
September 21, 2015 18:35 ET (22:35 GMT)
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