Levi & Korsinsky is investigating potential claims on
behalf of purchasers of Wells Fargo & Company
(“Wells Fargo” or the “Company”) (NYSE: WFC)
securities concerning possible violations of federal
securities laws.
On February 28, 2012, the Company filed its annual report for the period ended December 31,
2011, in which it disclosed the receipt of a Wells Notice from the United States Securities and
Exchange Commission (“SEC”) concerning its disclosures in mortgage-backed securities offering
documents. The Wells Notice indicates the SEC’s intention to bring an enforcement action upon
Wells Fargo and providing the Company with an opportunity to provide information why such
action should not be brought.
Wells Fargo also disclosed that the Company is under investigation for concerns relating to
potential violations of fair lending laws and other laws and regulations relating to mortgage
origination practices. Wells Fargo is also under investigation to determine whether the Company
properly disclosed the facts and risks associated with residential mortgage-backed securities in
offering documents.
Source: Law Firm of Levi & Korsinsky, LLP website
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