SEC Halts Scheme Involving Investments to Purportedly Help Homeowners Restructure Mortgages

Washington, D.C. – October 19, 2011 – (RealEstateRama) — The Securities and Exchange Commission today announced that it has obtained an emergency court order to freeze the assets of a Texas resident and his company charged with falsely telling investors he was using their money to buy and restructure pools of non-performing home mortgages in the wake of the housing market’s decline.


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The mission of the U.S. Securities and Exchange Commission (SEC) is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.

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