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Sweetheart loans that were often forgiven and served as a means of disguising compensation or circumventing stock-sale disclosure rules became all too common in corporate America.
Some states have tried to fix the problem by requiring cleanup and, at the time of sale, disclosure of the house's history.
A hedge fund lobbying group, the Coalition of Private Investment Companies, said Wednesday night it was pleased that the short sale disclosures wouldn't be made public after all.
In a statement, Mr. Purcell said, "I regret that some of our sales and disclosure practices have been found inadequate".
Fiat Chrysler changed its methodology for reporting monthly sales after disclosure of the investigations, which a spokeswoman said was "an opportunity to be more transparent".
It also asks Mylan to provide documents by Sept. 12 about its profits from EpiPen sales, lobbying disclosure forms dating to 2007 and copies of contracts regarding the manufacture and distribution of EpiPens.
C.D.O.'s, which produced much of the financing for the mortgage explosion, are at the heart of the Securities and Exchange Commission's civil fraud case against Goldman Sachs -- as well as a broader S.E.C. investigation of sales and disclosure practices at many Wall Street firms.
"I regret that some of our sales and disclosure practices have been found inadequate," said Philip J. Purcell, Morgan chief executive, in a statement.
In any action or proceeding in any court involving a consumer credit sale, the disclosure of the annual percentage rate as required under this subchapter in connection with that sale may not be received as evidence that the sale was a loan or any type of transaction other than a credit sale.
The corporation finance director at the S.E.C. oversees rules about companies' securities sales and disclosures about their finances, plans and setbacks.
But claims of "momentum" and "positive market reception" are not backed up by any sales data disclosures yet.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com