SEC charges BMO US$40 million for selling 'misleading' mortgage-backed bonds
financialpost.com/fp-finance/banking/sec-charge-bmo-us40-million-mortgage-backed-bonds
A regulator in the United States has charged a unit of the Bank of Montreal (BMO) more than US$40 million for selling mortgage-backed bonds that it says offered misleading metrics and did not accurately describe the characteristics of the collateral backing the bonds.
To settle the…
This story appeared on financialpost.com, 2025-01-13 16:15:14.