Defendant Name: Wilmington Savings Fund Society, FSB 

Defendant Type: Subsidiary of Public Company
Public Company Parent: WSFS Financial Corporation
SIC Code: 6020
CUSIP: 92932810

Initial Case Details

Legal Case Name In the Matter of Wilmington Savings Fund Society, FSB
First Document Date 22-Sep-2016
Initial Filing Format Administrative Action
File Number 3-17566
Allegation Type Transfer Agent

Violations Alleged

Securities Act
• Sec 17(a)(1)
• Sec 17(a)(3)
Other
• Sections 17A(c)(1), 17A(d)(1) Exchange Act; Rules 17Ac2-1, 17Ac2-2, 17Ad-10, 17Ad-11, 17Ad-15, 17Ad-17, 17Ad-19 Exchange Act

Resolutions

First Resolution Date 22-Sep-2016
Headline Total Penalty and Disgorgement $375,000

Related Documents:

34-78906-s 22-Sep-2016 Administrative Summary
SEC Charges Transfer Agent with Failing to Comply with Required Rules
On September 22, 2016 the SEC issued an administrative proceeding summary. According to the SEC, the company "has agreed to settle charges that it fundamentally failed to comply with the rules and regulations that govern the conduct of transfer agents. The SEC's investigation further found that the WSFS account administrators, who performed the daily transfer agent services, were unaware of the SEC's transfer agent rules and did not receive any training from WSFS regarding compliance with the rules until 2013."
34-78906 22-Sep-2016 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings and Imposing a Cease-and-Desist Order
On September 22, 2016, the SEC issued a settled administrative proceeding. According to the SEC: "These proceedings arise from WSFS' fundamental failure to comply with the rules and regulations that govern the conduct of transfer agents."

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