Home / News / Government / SEC Ends Probe of Wells Fargo
Print This Post Print This Post

SEC Ends Probe of Wells Fargo

The ""Securities and Exchange Commission"":http://www.sec.gov (SEC) has ended its investigation of potential fraud in offering documents for mortgage-backed securities (MBS) sold by ""Wells Fargo"":http://www.wellsfargo.com, ""Bloomberg reports"":http://www.businessweek.com/news/2012-11-28/wells-fargo-says-sec-concludes-probe-of-mortgage-bonds.

The biggest home lender in the country announced in a regulatory filing that the SEC notified the bank's San Francisco headquarters on November 20 that the agency was ending its probe without enforcement. Wells Fargo first told investors of the SEC's investigation in its 2011 annual report, filed February 28.


About Author: Tory Barringer

Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington's student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News' sister publication, MReport, which focuses on mortgage banking news.

Check Also

GSE Economist: Housing Activity to be Limited by Rates, Home Prices

"There are economic signals pointing to recession but also signs that a 'soft landing' may be in the offing," said Doug Duncan, SVP and Chief Economist, Fannie Mae.