SEC Warns First Horizon Exec About Sentinel Claims

Law360, New York (March 25, 2010, 2:26 PM EDT) -- An executive and two subsidiaries of First Horizon National Corp. have learned they may become targets in legal actions over alleged securities violations by a former customer, Sentinel Management Group Inc., which is being liquidated under Chapter 11.

Financial services firm First Horizon revealed in a filing submitted Thursday to the U.S. Securities and Exchange Commission that an executive, Frank J. Gusmus Jr., and the subsidiaries — FTN Financial Securities Corp. and First Tennessee Bank NA — had received Wells notices from the SEC over the...
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