Defendant Name:
Regions Bank
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Regions Financial Corporation
SIC Code:
6021
CUSIP:
7591EP10
Document Reference:
33-9065
Document Details
Legal Case Name
In the Matter of Regions Bank
Document Name
Order Instituting Cease-And-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-And-Desist Order
Document Date
21-Sep-2009
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
The Commission stated: "These proceedings involve the role of a United States-based bank as trustee of an investment plan through which unregistered broker-dealers, U.S. Pension Trust Corp. and U.S. College Trust Corp. (collectively, “USPT”) defrauded approximately 14,000 investors by charging exorbitant, undisclosed commissions and fees in connection with the sale of mutual funds."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
