Securities
LOS ANGELES — First Mortgage Corp. and six senior executives will pay $12.7 million to settle claims of defrauding investors in residential mortgage-backed securities, the SEC said Tuesday; click headline to see defendants in Federal Court.
In addition to the corporation, here are the defendants and their penalties:
Chairman and CEO Clement Ziroli Sr., $100,000;
President Clement Ziroli Jr. agreed to pay $638,626;
CFO Pac W. Dong, $100,000;
Senior vice president Ronald T. Vargas, $60,000;
Senior vice president Scott Lehrer, $50,000;
Managing director of the servicing department Edward Joseph Sanders, $58,388.