Defendant Name:
Wilmington Savings Fund Society, FSB
Defendant Type:
Subsidiary of Public Company
Document Reference:
34-78906-s
Document Details
Legal Case Name
In the Matter of Wilmington Savings Fund Society, FSB
Document Name
SEC Charges Transfer Agent with Failing to Comply with Required Rules
Document Date
22-Sep-2016
Document Format
Administrative Proceeding
Allegation Type
Transfer Agent
Document Summary
On September 22, 2016 the SEC issued an administrative proceeding summary. According to the SEC, the company "has agreed to settle charges that it fundamentally failed to comply with the rules and regulations that govern the conduct of transfer agents. The SEC's investigation further found that the WSFS account administrators, who performed the daily transfer agent services, were unaware of the SEC's transfer agent rules and did not receive any training from WSFS regarding compliance with the rules until 2013."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
