SEC charges former Wells Fargo CEO and top executive with misleading investors over sales practices

This post was originally published on this site

https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEGAC12O_L.jpg

The agency claimed that the former executives misled investors about the widespread sales practice problems at the bank. Stumpf agreed to pay a $2.5 million penalty to settle the charges, while the SEC will litigate fraud charges against Tolstedt in court.