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.

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