Wells To Pay $11.2 Mln To Settle Wachovia CDO Charges

06 Apr 2011

Wells Fargo, without admitting or denying the allegations, has agreed to pay $11.2 million to settle charges by the U.S. Securities and Exchange Commission that Wachovia Capital Markets acted improperly in the sale of collateralized debt obligations linked to residential mortgages.

Wells Fargo, without admitting or denying the allegations, has agreed to pay $11.2 million to settle charges by the U.S. Securities and Exchange Commission that Wachovia Capital Markets acted improperly in the sale of collateralized debt obligations linked to residential mortgages. Most of the settlement paid by Wells ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial