NationsBank Corp. and its brokerage affiliate NationsSecurities threw their first legal counterpunches recently to highly publicized accusations of wrongdoing in three pending suits.

The suits contend that the Charlotte, N.C.-based banking company and NationsSecurities deliberately ran investment sales operations that misled customers about the difference between investments and insured deposits.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.