The SEC has settled two mortgage-backed securities actions against J. P. Morgan Chase and Credit Suisse for over $400 million. The enforcement actions arose out more than $1 billion in losses by investors during the financial crisis. Critics say that the settlements are just a cost of doing business and will not deter similar Wall Street misconduct in the future. The SEC also continues to be criticized for not naming individuals that were involved in the misconduct and for continuing its practice of allowing settling banks to insert a provision saying that they neither admit nor deny the SEC’s factual findings (“SEC, Two Banks Settle Over Loans,” Wall Street Journal).