Violation Tracker Individual Record

Company: 
Wachovia Corporation
Current Parent Company: 
Wells Fargo
Penalty: 
$37,000,000
Year: 
2004
Date: 
November 4, 2004
Primary Offense: 
investor protection violation
Violation Description: 

Wachovia Corporation agreed to pay $37 million to settle allegations of violations of proxy disclosure and other reporting requirements in connection with the 2001 merger with First Union Corporation.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
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.