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Violation Tracker Individual Record

Company: Wachovia Capital Markets LLC
Current Parent Company: Wells Fargo
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $25,000,000
Year: 2006
Date: September 7, 2006
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Wachovia Capital Markets agreed to pay $25 million to settle multistate litigation alleging that it failed to supervise agents and failed to maintain required electronic communications.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.