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Violation Tracker Individual Record

Company: Wachovia Securities, LLC
Current Parent Company: Wells Fargo
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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Penalty: $129,131
Year: 2010
Date: October 12, 2010
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: financial institution supervision failures
Violation Description: Wachovia Securities agreed to pay $129,131 to resolve litigation alleging it failed to properly train employees to inform investors about the risks of auction-rate securities.
Level of Government: state
Action Type: agency action
Agency: Alaska Division of Banking and Securities
Civil or Criminal Case: civil
Facility State: Alaska
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.