In Elizabeth Warren’s latest attack on Wells Fargo & Co., she and U.S. Senate colleagues are questioning whether the bank filed misleading disclosures on terminated employees, and if it did so as retaliation for complaints about its aggressive sales tactics.
In a letter Nov. 3 to Wells Fargo Chief Executive Officer Tim Sloan, the Massachusetts lawmaker and two other Democrats asked whether the bank filed inaccurate reports to the Financial Industry Regulatory Authority. Brokerages, including units of banks, that are registered with Finra must file paperwork with the regulator when they terminate employees.
“Currently available information suggests that the ...
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