Powered by

Regulators SayEx-Executives For Wells Fargo Misled Investors

Nov 14, 2020 - The New York Times

Federal regulators raised fresh claims against two former top Wells Fargo executives for their role in the bank's misdeeds, accusing them of misleading investors about financial results in the unit that caters to individual customers.

The Securities and Exchange Commission on Friday said John G. Stumpf, the bank's former chief executive, agreed to pay a $2.5 million penalty to settle the fraud claims against him. The regulator also filed a lawsuit against Carrie L. Tolstedt, the former hea...