Tag Archives: investments
Securities Fraud Experts & Morgan Stanley $2.6B Penalty

Securities Fraud Experts & Morgan Stanley $2.6B Penalty

Securities fraud expert witnesses may consult and testify on the illegal process of convincing others to make investments in the stock market based on false information. These cases may involve mortgage backed securities, asset backed securities, as well as other types of securities and investments. The Justice Department today announced that Morgan Stanley will pay a $2.6B penalty to resolve claims related to Morgan Stanley’s marketing, sale and issuance of residential mortgage-backed securities. Morgan Stanley acknowledged in writing that it failed to disclose critical information to prospective investors about the quality of the mortgage loans underlying its RMBS and about its due diligence practices. Investors, including federally insured financial institutions, suffered billions of dollars in losses from investing in RMBS issued by Morgan Stanley in 2006 and 2007.

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Financial Expert Testifies Against Former Executive

Financial Expert Testifies Against Former Executive

A St. George, UT, businessman accused of illegally selling securities in a now-bankrupt Ogden company had the ability to recognize the falseness of statements he allegedly made to investors says a former state investigator. Former state Division of Securities investigator Jared Parrish, who now works as an investigator in a separate lawsuit filed against Hammons by the SEC, testified as an investment expert and reviewed public documents surrounding a series of VesCor transactions.

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