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SEC Obtains Settlement with Portfolio Manager for Alleged Inflated Valuations
SEC v. Lori G. Addison
- 2006
- $15,000
Defendant fraudulently overstated to her employer, Allied Irish Banks, p.l.c., the value of its CMO (collateralized mortgage obligation) portfolio over a 6-month period. She instructed sales representatives from registered brokerage firms to provide inflated prices for the securities their firms reported on, for use in Allied Irish’s valuation process.
