OTC Derivatives: Lawsuits Involving Sales Practice Concerns

摘要

This letter responds to a request made by your office during an October 16, 1997,211u001ebriefing on our report OTC Derivatives: Additional Oversight Could Reduce Costly 211u001eSales Practice Disputes (GAO/GGD-98-5, Oct. 2, 1997). This report addressed sales 211u001epractices related to over-the-counter (OTC) derivatives, mortgage-backed 211u001esecurities (MBS), and structured notes. It included a discussion of lawsuits 211u001einvolving sales practices concerns, and your office asked us to provide a list of 211u001ethese lawsuits that describes the allegations made and the case outcomes.