Ocwen probed by SEC
Atlanta-based Ocwen, a major mortgage servicer, announced it is being investigated by the Securities and Exchange Commission.
The New York regional office of the SEC asked Ocwen for documents in an April 28 letter, the company said in a Friday filing. The investigation relates to executive chairman William Erbey’s April 22 surrender of some options to purchase common stock. The request includes information about a 2007 equity incentive plan and a related option grant, the company said.
Ocwen intends to cooperate with the investigation.
About the Author
Arielle Kass covers Gwinnett County for The Atlanta Journal-Constitution. She started at the paper in 2010, and has covered business and local government beats around metro Atlanta. Arielle is a graduate of Emory University.
