Maybe this time the SEC will hold on to the paper and won’t destroy the evidence documents!
WSJ-
Wells Fargo & Co. has handed over hundreds of emails and other documents related to its mortgage-backed securities business to the Securities and Exchange Commission after being taken to court, according to a person familiar with the matter.
The decision by the fourth-biggest U.S. bank to bow to the SEC’s demands for the information resolves a legal spat.
“Wells Fargo continues to believe its disclosures in offering documents pertaining to residential mortgage-backed securities containing Wells Fargo mortgages were proper and appropriate,” a spokeswoman for Wells Fargo said.