Have a Claim?

Click here for a confidential contact or call:


June 25, 2014

Posted  January 26, 2016

The SEC announced fraud charges against three former senior managers of Regions Bank for intentionally misclassifying loans that should have been recorded as impaired for accounting purposes.  As a result, the bank’s publicly-traded holding company overstated its income and earnings per share in its financial reporting.  Regions will pay a total of $51M to resolve parallel actions by the SEC, Federal Reserve Board, and Alabama Department of Banking.  SEC

Tagged in: Accounting Fraud, Securities Fraud,