SEC Strikes Consent Deals In Wachovia Brokers Case

Law360, New York (April 15, 2011, 3:50 PM EDT) -- Two former Wachovia Securities LLC brokers struck a deal Friday to end the U.S. Securities and Exchange Commission's North Carolina suit alleging they defrauded customers out of at least $8 million.

Judge Frank D. Whitney signed off on the SEC's consent judgments with William K. Harrison and Eddie W. Sawyers in the U.S. District Court for the Western District of North Carolina, approving an arrangement that bars the ex-Wachovia brokers from future securities and advising law violations.

Specifically, the defendants are enjoined from violating Section 17(a)...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Securities and Exchange Commission


Case Number

3:10-cv-00634

Court

North Carolina Western

Nature of Suit

Securities/Commodities

Judge

Graham Mullen

Date Filed

December 14, 2010

Companies

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.