Synovus facing SEC informal inquiry

By Web Staff – email | Twitter

COLUMBUS, GA (WTVM) –  Columbus-based Synovus Financial Corp. said it is facing an informal inquiry from the Securities and Exchange Commission.

In December, the SEC's Atlanta regional office told the company it was conducting an informal inquiry to determine whether any person or entity has violated federal securities laws.

Synovus issued the following statement:
"We cannot discuss any details of the informal inquiry. Given the pending securities litigation and the current banking environment, this type of request from public companies is not unusual. As stated in our public filings, the SEC has not asserted that Synovus or any person or entity has committed any securities violations. We intend to fully cooperate with the SEC to resolve this matter."

News Leader 9 has also learned  the same filing notes three separate lawsuits filed against the company by two shareholders and the City of Pompano Beach General Employees' Retirement System System.

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