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: Securities Law Prof Blog

SEC Charges Former Supervisor at Colonial Bank for Role in Securities Fraud Scheme

By Securites Lawprof

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The SEC today charged Teresa A. Kelly, the former operations supervisor of Colonial Bank?s mortgage warehouse lending division (MWLD), with participating in a $1.5 billion securities fraud scheme. According to the SEC, Kelly enabled the sale of fictitious and impaired...

Full post as published by Securities Law Prof Blog on March 16, 2011 (boomark / email).

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