Wells Fargo says it won't face SEC action on mortgages

Categorized | STOP FORECLOSURE FRAUD

Wells Fargo says it won’t face SEC action on mortgages

Wells Fargo says it won’t face SEC action on mortgages

Reuters-

U.S. securities regulators have dropped an inquiry into Wells Fargo & Co mortgage securities offerings, the bank said in a securities filing on Wednesday.

The staff at the Securities and Exchange Commission notified the bank on Nov. 20 that it closed its investigation and doesn’t plan to recommend an enforcement action, the bank said in the filing.

In February, the No. 4 U.S. bank by assets received a so-called Wells notice from the SEC over disclosures provided in certain mortgage-backed securities offerings. Such notices usually indicate the agency plans to take some kind of enforcement action and gives firms a chance to respond.

[REUTERS]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 8690 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Advertise your business on StopForeclosureFraud.com

Archives