https://www.charlotteobserver.com/news/business/banking/article275981206.html
investors. That money is in addition to $500 million previously paid by Wells Fargo. Tolstedt also agreed to pay other remedies totaling close to $2 million, according to the release. “Companies do not act on their own,” said Regional Director Monique Winkler of SEC’s San Francisco office in a statement this week. “Where the facts warrant it, we will hold senior executives accountable for conduct that violates the securities laws.” Wells Fargo, based in San Francisco, maintains a massive financial and employment presence across the Charlotte area, with some 27,000 employees. It came to North Carolina in 2008 with the purchase of Wachovia.
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