Investigation Overview
Company
Security
Summary
An investigation on behalf of bondholders from Federal Home Loan Mortgage Corporation (Freddie Mac; OTC: FMCC) over potential securities laws violations by Federal Home Loan Mortgage Corporation (OTC: FMCC and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on whether a Federal Home Loan Mortgage Corporation (OTC: FMCC) engaged in unsecured bond price manipulation.
On June 1, 2018, several news sources reported that the Department of Justice had opened a criminal investigation into whether traders at numerous banks coordinated efforts to manipulate pricing of unsecured bonds at the cost of other investors.