The SEC alleged in a Los Angeles federal court that two former Countrywide Financial Corp. executives used confidential negative information about the California company's stock in 2004 to make a profit. The duo agreed to settle the charges, without admitting or denying the allegations, by repaying their profit and paying a penalty. In an e-mailed statement, a Countrywide spokesman told MortgageDaily.com, "The two employees involved in the SEC matter were mid-level managers who are no longer with the company."
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Former Countrywide Execs Settle SEC Charges 
