Defendant Name:
BB&T Securities, LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
BB&T Corporation
SIC Code:
6021
CUSIP:
05493710
Document Reference:
IA-4506
Document Details
Legal Case Name
In the Matter of BB&T Securities, LLC
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
25-Aug-2016
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
On August 25, 2016, the SEC instituted a settled administrative proceeding against BB&T Securities, LLC. According to the SEC this matter arises from misstatements made by the company “to certain of its advisory clients, including clients with separately managed accounts invested in F-Squared Investments, Inc.’s (‘F-Squared’) strategy.”
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Civil Penalty
Individual:
$200,000.00
Shared:
