Wells Fargo Auction Rate Securities
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- Wells Fargo Auction Rate Securities Under Investigation
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- Auction Rate Securities
Overview
Washington State Charges Wells Fargo Of Misleading Investors In Auction Rate Securities (ARS)
Late last month, Wells Fargo joined a growing list of financial services firms to face the glare of scrutiny from federal and state securities regulators for deceiving customers in the sales of Auction Rate securities. Following a lengthy investigation, regulators in Washington State filed a complaint against Wells Fargo & Co. on Nov. 20, claiming the bank intentionally misled its customers about the risks of auction rate securities.
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