sec whistleblower attorneys
November 13, 2020
John G. Stumpf
Financial Fraud
SANCTION AMOUNT: $2500000
Defendants: John G. Stumpf
Former CEO and Chairman of Wells Fargo & Co. agreed to settle charges that he signed and certified statements filed with the Commission in 2015 and 2016 which he should have known were misleading. The statements concerned the Community Bank, Wells Fargo’s core business, in particular its cross-sell strategy. Respondent allegedly was on notice of false representations about the strategy’s performance and that reported metrics were inflated.
- Key Docs
- Official SEC press release
