Defendant Name:
BB&T Securities, LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
BB&T Corporation
SIC Code:
6712
CUSIP:
05493710
Document Reference:
IA-5002
Document Details
Legal Case Name
In the Matter of BB&T Securities, LLC, as successor entity to BB&T Investment Services, Inc.
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
07-Sep-2018
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
On September 7, 2018, the SEC issued an order against BB&T Securities, LLC, stating: "This matter involves an investment adviser's failure to adequately disclose to clients facts giving rise to material conflicts of interest."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$100,000.00
Shared: