Defendant Name:
Wachovia Securities, LLC
Defendant Type:
Subsidiary of Public Company
Document Reference:
LR-20885
Document Details
Legal Case Name
SEC v. Wachovia Securities, LLC
Document Name
SEC Finalizes ARS Settlement with Wachovia, Providing Over $7 Billion in Liquidity to Investors
Document Date
05-Feb-2009
Document Format
Civil Proceeding
Case Number
09-cv-00743
Federal District Court
Illinois, Northern District of Illinois
Allegation Type
Broker Dealer
Document Summary
The SEC "announced a settlement
with Wachovia Securities, LLC that will provide more than $7 billion in
liquidity to thousands of customers who invested in auction rate securities (ARS) before the market for those securities collapsed."
Disgorgement & Penalty Information
Resolutions
Enjoinment
Various Undertakings