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It was revealed on Friday that a former Ocwen Financial exec also settled charges with the commission. The news came just one day after Ocwen announced that its acquisition of PHH Corp. is nearly a done deal.

Former Ocwen VP Bryan Ziegenfuse settled insider trading charges related to the PHH merger and the company’s dealings with Altisource Portfolio Solutions. Ziegenfuse did not admit to any wrongdoing but settled with the commission in an agreement that cost him $128,000 plus interest, which is double the profit he made on three transactions flagged by the SEC.


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