The Securities and Exchange Commission is expected to file a series of criminal complaints today against National Century Financial Enterprises, according to insiders. Although little could be confirmed as of press time, more details will be posted on www.asreport.com as they become available.
Moody's Investors Service analyst Jay Eisbruck was recently promoted to team managing director, after more than 10 years with the firm. He will continue his role overseeing the ABS group, along with managing directors Michael Kanef, and Ed Bankole, with his focus on esoteric assets, including insurance cashflows, stadium finance and entertainment royalties. Eisbruck was named senior vice president in 2000 and has made the rounds at Moody's, having worked in the surveillance, monitoring as well the ratings group. Additionally he has experience with auto loan, credit card and manufactured housing ABS.