| More than three years after the financial crisis, Wall Street watchdogs are still uncovering questionable actions rooted in that time. The latest revelation involves one of the more creative packagers of securities who contributed to a trail of billions in soured deals, as well as a much-maligned rating agency. The Financial Industry Regulatory Authority -- an independent, non-governmental regulatory body -- has recommended disciplinary action against two men for "alleged misrepresentations in connection with the sale" of a complex security. The recommendation is preliminary. No civil or criminal charges have been filed. The men, Alexander Rekeda and Timothy Day, are both affiliated with Guggenheim Capital, a privately held, financial services company that does everything from trading securities to providing investment advice. |
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