Relevant:
- OCC Shocks By Backtracking on Settlement, Imposing New Restrictions on Wells Fargo
- Wells Fargo Settles Fake-Account Lawsuit for $110 Million
- California Suspends `Business Relationships' With Wells Fargo
- Wells to pay $125 million over mortgage securities
- Wells Fargo Investigated for Failing to Disclose Securities Risks
2012-08-14 — dealbreaker.com
``Well, I mean, in his defense it seems that McMurtry had a very good excuse for not informing the customer of the risks of Golden Key, specifically that that he didn't know what those risks were, or what Golden Key was, or presumably where he was or how he got there or how many fingers the customer was holding up.
The world is safe from Shawn McMurtry for the next six months, since he and his employer entered into a settlement with the SEC today suspending him and fining Wells $6.5 million for its unconcern with the fact that its salesmen were not particularly interested in doing their jobs and/or illiterate.''
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