Wachovia Securities

• New London Members Sue

  July 28, 2010

  Former board members and staff at the liquidated New London Security Federal Credit Union are among those accused by five members of negligence in a lawsuit to recoup $4 million in losses.

• Members Latest to Sue for New London Security FCU Losses

  By Michelle A. Samaad  |  July 20, 2010

  Five members of the defunct New London Security Federal Credit Union have filed a lawsuit to recoup $4 million claiming board members, staff and the CU's accounting firm among others were negligent in supervising its financial adviser.

• New London FCU Auditors Deny NCUA Malpractice Claims

  By Michelle A. Samaad  |  June 21, 2010

  In response to an NCUA complaint, the auditors for New London Security Federal Credit Union have denied claims of professional malpractice for the cooperative that was liquidated in 2008.

• Accounting Firm Latest Defendant in Effort to Recoup New London Losses

  By Michelle A. Samaad  |  March 31, 2010

  Nearly two months after the NCUA filed a suit against Wells Fargo for negligence in the case of a deceased financial adviser, the agency has filed a complaint against the CU's accounting firm to recover losses.

• NCUA Files Suit on New London Loss

  By Michelle A. Samaad  |  February 10, 2010

  The NCUA has moved forward filing a suit to recover $12 million from the defunct New London Security Federal Credit Union after discussions to reach a settlement fell through.

• NCUA Makes Good on Threat to Recover CU's Losses

  By Michelle A. Samaad  |  February 3, 2010

  Since discussions to settle a case involving an $11.8 million loss from the defunct New London Security Federal Credit Union fell through, the NCUA has moved forward with a suit to recover the misappropriated funds.