A subsidiary of Wachovia Corp. is being investigated over payments it received from mutual fund companies, and another may soon be charged with conflicts of interest involving stock research and investment banking, Reuters reports.

Wachovia Securities LLC, the retail brokerage of Wachovia, may not have properly disclosed revenue-sharing agreements with fund companies, according to the company. In addition, the Securities and Exchange Commission is looking into the firm’s sales and distribution practices.

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