Violation Tracker Individual Record
Date:August 15, 2008
Primary Offense:investor protection violation
Wachovia Securities agreed to repurchase $10 million illiquid securities and pay $50 million in penalties as part of the resolution of multistate litigation alleging it misled customers in the marketing and sale of auction rate securities.
Level of Government:state
Action Type:agency action
Agency:Multistate Attorneys General Case
Civil or Criminal Case:civil
Private Lawsuit Resolution Type:settlement
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 of Data:
Source Notes:If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.