描述
Wachovia agreed to pay $50 million to a group of states to resolve litigation alleging it failed to properly inform investors about the risks of auction-rate securities. The settlement was also announced by the New Jersey Attorney General; For more info visit https://www.nasaa.org/2192/securities-regulators-announce-settlement-with-wachovia-over-sale-of-auction-rate-securities/?qoid=ars