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Friday, April 19, 2024 | Back issues
Courthouse News Service Courthouse News Service

AmSouth Settles With SEC For $11.4 Million

WASHINGTON (CN) - AmSouth Bank, now known as Regions Bank, will pay $11.4 million for defrauding its own mutual funds by using shareholders' money to pay for marketing, and bonuses, salary and a country club membership for the president of AmSouth Funds, the SEC said in a settled complaint.

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