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- FINRA Whiffs on Disciplinary Sanction: Bill Singer's 'Negligent Market Manipulation in OTC Stock Promotion'
- Heather Heyer’s Mother Says, ‘I’m Not Talking to the President’
- Goldman Sachs May Have Lost $100Mn on Energy Bet Gone Wrong
- SEC Drops Case Against Ex-JPMorgan Traders Over 'London Whale'
- Financial Advisers That Invest in Technology Need to Accomplish These Two Things
- FINRA Amends Codes Regarding Expedited Arbitrator List Selection
- FINRA July 2017 Quarterly Disciplinary Review (Podcast)
- Senior Exec in Citigroup's Equities Unit Has Left
- Prudential Plotting its Escape From Fed's Tough Oversight
- Why CEOs Spurned Trump's Business Councils, in Their Own Words
- A Stockbroker, Her LLC, and Her Customers' Loans (Or Investment?) - Bill Singer
- Brian Quintenz Sworn In as CFTC Commissioner
- A Gary Cohn Resignation Would 'Crash the Markets' – Mgmt Guru Jeffrey Sonnenfeld
- Trading Firm DRW to Buy RGM Advisors - As Low Volatility Forces Out Weak HFT Players (subsc reqd)
- Reputational Damage - Rajat Gupta on Hard Road to Recovery
- 7th Circuit Affirms Spoofing Conviction - Bill Singer
- Wells Fargo Announces Board Changes
- Judge Rules Against Ex-Goldman Employee in Fed Leak Case
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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.