SunTrust Banks, Inc. said today it has been notified by the Securities and Exchange Commission (SEC) that a formal inquiry underway since January 2005 into matters concerning the restatement of SunTrust’s financial statements for the first and second quarters of fiscal 2004 and related matters has been terminated and no enforcement action has been recommended to the Commission.
“We are pleased with this outcome,” said SunTrust Chairman and CEO L. Phillip Humann.
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