Exec Settles SEC Insider Trading Claims The U.S. Securities and Exchange Commission announced Friday that the former vice president of servicing at Ocwen Financial Corp. has agreed to settle insider trading claims made in a complaint the commission filed in Pennsylvania federal court the same day. Read full article

ject. Lydian's failure follows a promising start for a company originally envisioned as a high-tech bank. Founder Rory Brown, a former executive at Ocwen Financial Corp., launched VirtualBank as an online institution based on PGA Boulevard in Palm Beach Gardens. In 2002, Brown decided to morph the company into a hig