Defendant Name:
Banc of America Investment Services, Inc
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Bank of America Corporation
SIC Code:
6021
CUSIP:
06050510
Document Reference:
34-60870
Document Details
Legal Case Name
In the Matter of Banc of America Investment Services, Inc. and Virginia Holliday
Document Name
Order Instituting Administrative Proceedings Pursuant To Section 15(B) Of The Securities Exchange Act Of 1934, Making Findings, And Imposing Remedial Sanctions
Document Date
22-Oct-2009
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
On October 22, 2009, the SEC instituted a settled administrative proceeding against Banc of America Investment Services, Inc. and Virginia Holliday. According to the SEC: "These proceedings arise out of BAI's and Holliday's failure reasonably to supervise Brent Lemons, a former registered representative in BAI's Tyler, Texas branch office."
Disgorgement & Penalty Information
Resolutions
Censured
Compliance Related Independent Consultant
Various undertakings
Monetary Penalties:
Civil Penalty
Individual:
$150,000.00
Shared:
Other Defendants in Action:
