Securities regulators are probing the collaterized debt obligations market and are focused on products that were structured as the housing market started to show signs of distress, a top regulator said Thursday.

At a hearing to examine the origins of the 2008 financial crisis, the Securities and Exchange Commission said it was also looking at investment banks that securitized subprime mortgages.

"We are seeking to determine whether investors were provided accurate, relevant and necessary information, or misled in some manner," SEC Chairman Mary Schapiro told the Financial Crisis Inquiry Commission. The commission was created by Congress and charged with issuing a report by December 15.

SEC Eyes Products Structured Before Housing Bust

by Banker & Tradesman time to read: <1 min
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