The Wall Street Watchdog Asks Why Does Wells Fargo Get A Free Pass On Auction Rate Securities?
The Wall Street Watchdog Asks Why Does Wells Fargo Get A Free Pass On Auction Rate Securities? According to the Wall Street Fraud Watchdog, "in November of 2007 an e-mail was circulated among Wells Fargo staff members discussing the risk involved in auction rate securities. Yet, Wells Fargo continued to sell these investments as just like cash, safe investments, to completely innocent customers, until the collapse of the auction rate securities market in February of 2008." The group is saying, "where is the accountability, & how is it that a gian
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