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SEC Charges Principals of Subprime Automobile Finance Company with Fraud

  • Written by Newsfile

Washington, D.C.--(Newsfile Corp. - September 23, 2021) - The Securities and Exchange Commission today announced fraud charges against two former executives of a subprime automobile finance company for misleading investors about the subprime automobile loans that backed its $100 million offering.

The SEC's complaint, filed in U.S. District Court...