Wells and Goldman face SEC charges

Wells Fargo and Goldman Sachs may face civil charges for allegedly misleading investors in the sale of mortgage-backed securities, marking the next phase of cases tied to the financial crisis.

Both banks received “Wells” notices from the Securities and Exchange Commission, which alerted them that the staff planned to recommend civil charges.

Read more on how SEC has ramped up its investigation of the sale of residential mortgage-backed securities on Wall Street.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.