Violation Tracker Individual Record
Date:September 18, 2008
Offense Group:financial offenses
Primary Offense:toxic securities abuses
Secondary Offense:consumer protection violation
Comerica Bank agreed to pay $110,000 to the state and offer full buybacks of their Auction Rate Securities in settlement of allegations their marketing misrepresented the suitability of ARS products.
Level of Government:state
Action Type:agency action
Agency:Michigan Attorney General
Civil or Criminal Case:civil
HQ Country of Parent:USA
HQ State of Parent:Texas
Ownership Structure of Parent:publicly traded
Major Industry of Parent:financial services
Specific Industry of Parent:banking
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