They behave similarly to bonds in that investors can buy them and receive periodic principal interest payments. Collateralized Mortgage Obligations, or CMOs, are a type of mortgage-backed security.

The tech giant, whose security segment has seen double-digit growth in recent quarters, has brought on Neville Letzerich as its new VP and CMO of its security division. Cisco Systems has brought ...

Earlier in January, BMO settled SEC charges in a matter of alleged deceptive structuring and marketing of CMOs, agreeing to ...

The SEC said Monday that BMO Capital Markets “failed to reasonably supervise” its employees involved in the sale of Agency CMO Bonds. BMO has agreed to pay a US$19-million fine as well as US$ ...