MBS Litigation Ledger

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Two class actions have been filed by purchasers of pass-through certificates issued by Structured Asset Mortgage Investments II Inc. and Bear Stearns Asset-Backed Securities I LLC, according to a news release. The Securities and Exchange Commission filed a criminal action against Brookstreet Securities Corp. and its chief executive officer. The SEC claims that between 2004 and 2007, the defendants systematically sold high-risk mortgage-backed securities to investors with conservative investment goals.

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MBS Litigation Ledger

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