Laser Mortgage Management Inc. last week fired Michael L. Smirlock, its chairman, CEO, and president, citing pricing irregularities in securities portfolios he supervised.

The company also said its board of directors will hire a financial adviser to help with "strategic alternatives" to improve stockholder value.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.