McLean, Va. (Aug. 23, 2004) -- The Securities and Exchange Commission is considering bringing civil charges against Freddie Mac related to last year's accounting scandal at the mortgage giant, Freddie revealed.
Freddie Mac said that it received a Wells Notice from the SEC advising the company that the commission staff is considering a recommendation that the SEC bring civil charges against the McLean, Va.-based company for possible violations of federal securities laws. The SEC notice said that the commission may seek a permanent injunction and a fine against the company.
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