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Volume 2009 - Number 26

July 2, 2009

FINRA Slaps Wachovia Securities with $1.4 Million Fine for Failing to Provide Timely Info to Investors

Wachovia Securities has agreed to pay $1.4 million in penalties to the Financial Industry Regulatory Authority for failing to deliver prospectuses and information materials to investors about securities they purchased, including collateralized mortgage obligations, and for related supervisory failures. FINRA, an independent securities industry watchdog, announced the settlement with...

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.

 

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