Still looking for what happened to that SEC investigation and found this:
SEC Charges Wachovia With Fraudulent Bid Rigging in Municipal Bond Proceeds
Wachovia Agrees to $148 Million Settlement With SEC and Other Authorities
FOR IMMEDIATE RELEASE
2011-257
Washington, D.C., Dec. 8, 2011
http://www.sec.gov/news/press/2011/2011-257.htm
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Only reason I mention is that it appears that SEC gets a complaint, SEC “investigates,” and, depending on rank on the SEC’s most-favored list, said corporation in question gets tapped on the knuckles and pays a quite reasonable pay-to-play fine.
LOL! GMTA.
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INVESTIGATED ... as in dropped?
http://blogs.wsj.com/deals/2011/09/21/ex-wachovia-boss-bob-steel-still-drawing-fire/
Steel is no stranger to public scrutiny. After Wachovia was taken over, the SEC investigated whether Steel misled investors when he said the company was planning to stay independent, and then a day later started talks to sell the company.