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- Credit Suisse Fully Compliant on Sanctions: CEO
- Ex-UBS Metals Trader Beats Spoofing Conspiracy Charge
- Investment Advisor, WCAS Management Corp, To Pay Nearly $800K Over Conflicts of Interest
- Altaba, fka Yahoo!, to Pay $35Mn for Failing to Disclose Massive Cybersecurity Breach - SEC
- SEC Formerly Bars Martin Shkreli from Industry
- HF Billionaire Steve Cohen Buying Into Fintech Start-Ups
- Deutsche Bank Is Weighing Massive Cuts in Its U.S. Cash Equities Unit
- Richard Jenrette, Co-Founder of DLJ Investment Bank, Dies at 89
- Goldman Sachs Makes First Hire in Cryptocurrency Markets Unit
- Special FINRA Election to Fill Large Firm Governor Vacancy
- Chicago-Based Investment Adviser Sentenced to 151 Months in Prison - SEC
- Dun & Bradstreet Hit With FCPA Violations - SEC
- SEC Charges Additional Defendant in Fraudulent ICO Scheme
- Warren Buffett Simply Blew it on Wells Fargo Stock: Dick Bove (Video)
- Barclays and Deutsche Bank to Lag U.S. Trading Peers
- NY AG Schneiderman Seeks to Close Loophole That Could Let Trump Pardons Block State Charges
- 'Fearless Girl' is Moving to NYSE After Year Staring Down 'Charging Bull'
- What's In Your Wallet - American Express Shares Soar After Earnings Release
- Deutsche Bank's Executive Departures Continue Following Change in CEO
- Reflections of an Economist Commissioner (SEC's Piwowar)
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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.