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New evidence uncovered against Wachovia Securities for fraud in connection with the sale of the preferred securities of financial institutions.
October 4, 2011 @ 9:22 am
   

FINRA finally acts on what we knew all along.

On September 27, 2011, the Financial Industry Regulatory Authority ("FINRA") obtained by Acceptance Waiver & Consent ("AWC"), a permanent bar against former Wachovia Securities, L.L.C. and Wells Fargo Securities, L.L.C. stockbroker, Tom D. Hamsher.

Hamsher was accused of making false statements in connection with the sale of the Federal National Mortgage Association or "Fannie Mae" ("FNMA") and...

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