2012-08-23fool.com

``Scofflaws in this group include: Citigroup, which is alleged to have misled investors about a not-small $1 billion CDO, and is currently facing a $285 million settlement with the Feds for its conduct, on top of a $75 million slap it's already paid for shenanigans related to subprime mortgage asset exposure; JPMorgan Chase's J.P. Morgan Securities unit, now recovering from a $154 million settlement for not being forthright with customers regarding a particular mortgage securities transaction; and Big Daddy, Goldman Sachs, currently swallowing a bitten bullet after it agreed to pay the Commission a record $550 million fine for effectively lying about one of its products tied to subprime mortgages.''


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