Orrick, Herrington & Sutcliffe·SECURITIES / CAPITAL MARKETS

SEC charges ex-executives of subprime auto lender with securities fraud

The SEC has filed a complaint alleging former executives of a Texas-based subprime auto lender committed securities fraud through a double-pledging scheme that allegedly concealed liquidity problems dating back to 2020.

securities-fraudsec-enforcementasset-backed-securitiesdouble-pledging-schemesubprime-lendingexecutive-liabilityabs-collateral
Read the original firm alert → Wednesday, September 2, 2026

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