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The Securities and Exchange Commission (SEC) on Wednesday charged the holding company for one of Florida's largest banks and its top executive with misleading investors about growing problems with the company's loan portfolio early in the financial crisis. The SEC alleges that BankAtlantic Bancorp and its CEO and chairman Alan Levan made false statements in public filings and earnings calls in order to hide the deteriorating state of its commercial residential real estate land acquisition and development loans.
Read More »BankAtlantic, CEO Charged With Misleading Investors on Loan Losses
