Violation Tracker Individual Record

Company: 
Wachovia Capital Markets LLC
Current Parent Company: 
Wells Fargo
Penalty: 
$24,650,000
Year: 
2007
Date: 
May 10, 2007
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

Wachovia agreed to pay $24.65 million to a group of state to resolve allegations relating to potential conflicts of interest for its research analysts.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Multistate Financial Regulators Case
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
California
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.