Auction rate securities ARS were sold to RF customers .SEC has ordered RF to pay there clients back to the tune of 1.2 billion. To date RF has paid back 56million.Not much but a start. SEC is also investigating RF for charging $3.00 hidden ATM fees. RF tier 1 capital is 10.37% which is frightening and RF is NOT cleared for paying back TARP. Conclusion RF will be seized.