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SEC Sues ICP Asset Management for Collateralized Debt Fraud

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June 21 (Bloomberg) -- ICP Asset Management LLC and its founder Thomas Priore were sued for fraud by the U.S. Securities and Exchange Commission for their role in trading mortgage-backed securities at inflated prices as the housing market declined starting in 2007.

The SEC filed the complaint against the firm and Priore at federal court in New York.

To contact the reporter on this story: Joshua Gallu in Washington at jgallu@bloomberg.net

To contact the editor responsible for this story: Lawrence Roberts at lroberts13@bloomberg.net

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