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Former Wilmington Trust executive drafts settlement with SEC

Posted on AllSides February 14th, 2023
From The Left

DOVER, Del. (AP) — A former executive of the only financial institution to be criminally charged in connection with the federal bank bailout program in the wake of the 2008 financial crisis has reached a settlement with federal securities regulators in a related civil action. In a court filing Tuesday, attorneys for William North and the Securities and Exchange Commission asked a federal judge in Delaware to suspend activity in the SEC's lawsuit against North pending commission authorization of the proposed consent judgment. The commission's review is expected to take...

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