Financial Times FT.com

SEC may act against Wachovia

By Deborah Brewster in New York

Published: August 4 2004 05:00 | Last updated: August 4 2004 05:00

The Securities and Exchange Commission is considering taking legal action against Wachovia, the fifth-largest US bank, over stock trades by the bank and its employees and over improper mutual fund trading.

The possible actions related to two separate investigations, Wachovia said in a regulatory filing lodged yesterday.

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