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- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
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- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
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- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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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.