TOKYO (dpa-AFX) - The U.S. Securities and Exchange Commission plans to file charges against firms and people involved in the creation of a $1.6 billion mortgage-bond deal called Delphinus CDO 2007-1, the Wall Street Journal reported citing people close to the investigation. Mizuho Financial Group Inc. (MFG) and former employee Alexander Rekeda are likely to face civil charges, the report said.
Mizuho Financial underwrote and sold the mortgage-bond deal, while Rekeda assembled it, the report added.
Copyright RTT News/dpa-AFX
