South Carolina has ended its probe of NationsBank Corp.'s brokerage business, settling months of uncertainty over the company's ability to sell securities in the state.

Jim Miles, South Carolina's secretary of state, said he was satisfied after a four-month review of the company's NationsSecurities subsidiary that it had not intentionally misled customers about investment risks.

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.