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- Is Trump’s “Foreclosure King” in Over His Head?
- FBI Arrests NCAA Basketball Coaches and Adidas Rep in Bribery Probe Involving Recruitment
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- Litigation Costs to Rub Salt in RBS Investor Wounds
- RIAs Poised to Land Wirehouse Recruits - Dan Jamieson
- Citibank and U.K. Affiliate to Pay $550K Penalty for Swap Data Reporting Violations - CFTC
- AIG to Restructure into 3 New Units, Marking CEO's First Big Move
- Accounting Firm Deloitte Says It Suffered Cyberattack (subsc reqd)
- Upcoming FINRA Board Meeting and FINRA360 Update
- Elizabeth Warren Lifts Hold on Trump DOJ Antitrust Nominee
- Bigger Mergers Narrow Indy Reps' Options, Alter IBD Channel - Dan Jamieson
- Dentons to Merge with U.K.'s Murray & Spens
- BigLaw Hogan Lovells Announces Hundreds of Buyouts, Layoffs - Almost 500 Affected
- Faith-Based Advisor Censured for Selling Class A Shares to Clergy
- After FINRA Bar, CFP Board Suspends Texas Advisor
- iCapital Network to Acquire U.S. Private Equity Access Fund Platform from Deutsche Bank
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NEWSLETTERS & ALERTS
Chaos Erupts at Wells Fargo Meeting
The Wells Fargo annual meeting in Florida got ‘somewhat steamy’ when one of the shareholders, identified as Bruce Marks, got up and demanded that board members tell investors what they knew about the sales scandal and when they knew about it.
“Let them speak! Let them speak! Or are they just mouthpieces for the executives who allowed these predatory practices to occur?”
Board Chairman Stephen Sanger responded by telling Mr. Marks he was “out of order” and asked him to sit down and wait for the Q&A session to make his request. Marks, however, continued to rant and rave for the next 10 minutes.
“Wells Fargo has been out of order for years, and your response is, ‘Well, we’re sorry,’” Marks yelled. “Well, that’s not good enough!”
Sanger then recessed the meeting briefly while he kicked out Marks.