Posted On: April 8, 2011
SEC Set to Bring Charges Against Wachovia
The Securities and Exchange Commission has announced its intent to bring charges against Wachovia Corp. for assessing usurious fees against its investors for collateralized debt obligations (some of which containing mortgages).
Wachovia, now owned by Wells Fargo, is the third-largest bank in Northeast Florida, and is set to complete its transition from Wachovia to Wells Fargo by June of this year.
To read more on Wachovia, visit Wachovia Set to Complete Transition to Wells Fargo.
For more information, please contact Wood, Atter & Wolf, P.A., in Jacksonville and Ponte Vedra Beach, Florida.
