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LOS ANGELES — First Mortgage Corp. and six senior executives will pay $12.7 million to settle claims of defrauding investors in residential mortgage-backed securities, the SEC said Tuesday; click headline to see defendants in Federal Court. In addition to the corporation, here are the defendants and their penalties: Chairman and CEO Clement Ziroli Sr., $100,000; President Clement Ziroli Jr. agreed to pay $638,626; CFO Pac W. Dong, $100,000; Senior vice president Ronald T. Vargas, $60,000; Senior vice president Scott Lehrer, $50,000; Managing director of the servicing department Edward Joseph Sanders, $58,388.
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