A sign for the Securities and Exchange Commission (SEC) is pictured in the foyer of the Fort Worth Regional Office in Fort Worth, Texas June 28, 2012. REUTERS/Mike Stone
JPMorgan, Credit Suisse to pay $400 million to settle SEC case
Posted : Friday, 16 November 2012 01:31PM
WASHINGTON (Reuters) - JPMorgan Chase & Co <JPM.N> and Credit Suisse Group <CSGN.VX> will together pay $400 million to settle civil charges that they misled investors in residential mortgage-backed securities offerings, securities regulators said on Friday.
JPMorgan will pay $296.9 million to settle its charges while Credit Suisse will pay $120 million, the Securities and Exchange Commission said.
Both agreed to settle without admitting or denying the charges.
(Reporting By Aruna Viswanatha and Sarah N. Lynch; Editing by Gerald E. McCormick)
(c) Copyright Thomson Reuters 2012. Check for restrictions at: http://about.reuters.com/fulllegal.asp