Violation Tracker Individual Record

Company: 
First Horizon National Corporation
Current Parent Company: 
First Horizon National
Penalty: 
$110,000,000
Year: 
2014
Date: 
April 29, 2014
Primary Offense: 
toxic securities abuses
Violation Description: 

The Federal Housing Finance Agency announced a settlement for $110 million with First Horizon National Corporation resolving alleged violations of federal and District of Columbia securities laws in connection with private-label mortgage-backed securities purchased by Fannie Mae and Freddie Mac during 2005-2007.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Federal Housing Finance Agency
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Tennessee
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.