MIAC has agreed to settle with the SEC over allegations of multiple compliance failures, including failing to maintain required records and failing to disclose conflicts of interest.
MIAC is a mortgage industry advisory firm that provides valuations, analytics, and consulting services to participants in the mortgage industry.
The SEC’s order finds that from at least 2009 through 2012, MIAC failed to maintain required records and failed to disclose conflicts of interest.
MIAC has agreed to settle the SEC’s charges by paying a civil penalty of $1.75 million.
You can read this full article at: https://www.housingwire.com/articles/miac-settles-compliance-case-with-the-sec/(subscription required)
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