Defendant Name: AmSouth Bank, N.A. (n/k/a Regions Bank)

Defendant Type: Subsidiary of Public Company
Public Company Parent: AmSouth Bancorporation
SIC Code: 6022
CUSIP: 03216510

Initial Case Details

Legal Case Name In the Matter of AmSouth Bank, N.A. (n/k/a Regions Bank), and AmSouth Asset Management, Inc. (n/k/a Morgan Asset Management)
First Document Date 23-Sep-2008
Initial Filing Format Administrative Action
File Number 3-13230
Allegation Type Investment Advisers/Investment Companies

Violations Alleged

Other
• Section 34(b) Investment Company Act

Related Violations Alleged

AmSouth Bank, N.A. (n/k/a Regions Bank) is alleged to have aided and abetted AmSouth Funds's violation of Section 12(b) Investment Company Act; Rule 12b-1(a)(1) Investment Company Act (willfully/knowingly).
AmSouth Bank, N.A. (n/k/a Regions Bank) is alleged to have caused AmSouth Funds's violation of Section 12(b) Investment Company Act; Rule 12b-1(a)(1) Investment Company Act (willfully/knowingly).

Resolutions

First Resolution Date 23-Sep-2008
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

IA-2784A 23-Sep-2008 Administrative Proceeding
Corrected Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, and Sections 9(b) and 9(f) of the Investment Company Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On September 23, 2008, the SEC instituted settled administrative and cease-and-desist proceedings against AmSouth Bank, N.A. and AmSouth Asset Management, Inc. ("Respondents"). The SEC stated: "These proceedings arise out of improper and undisclosed arrangements between AmSouth Bank, N.A. and AmSouth Asset Management, Inc. (collectively "AmSouth"), investment advisers to the AmSouth Funds, and BISYS Fund Services, Inc. ("BISYS"), a mutual fund administrator."

Other Defendants in Action:

AmSouth Asset Management, Inc. (n/k/a Morgan Asset Management)

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