Wachovia in Wachovia Securities Financial Holdings, LLC of St. Louis.
Wachovia is in discussions with state regulators and the Securities and Exchange Commission to settle investigations concerning the underwriting, sale and auctions of certain securities by its subsidiaries, according to an Aug. 11 filing by Wachovia.
Prudential said in a regulatory filing its plan was prompted by Wachovia's filing. - Shankar P.
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