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SEC v. Rhode Island Commerce Corporation, et al

  1. March 29, 2019

    Banker Seeks Quick Win In SEC Suit Over Bond Offering

    A Wells Fargo banker asked a Rhode Island federal court Thursday to toss negligence claims brought by the U.S. Securities and Exchange Commission in a dispute over a $75 million bond offering, arguing the commission has not shown he knowingly left out information in disclosures.

  2. March 20, 2019

    Wells Fargo Settles Bond Sale Case With SEC For $812K

    Wells Fargo Securities has agreed to pay $812,500 to settle a government civil action claiming the bank misled investors in a $75 million bond offering involving a Major League Baseball pitcher's video game company, according to an order signed in Rhode Island federal court Tuesday.

  3. January 14, 2019

    Shutdown Prompts Pause To Wells Fargo's $75M Bond Case

    A Rhode Island federal judge has put a suit filed by the U.S. Securities and Exchange Commission against Wells Fargo Co. over a $75 million bond offering involving a Major League Baseball pitcher's video game company on hold during the federal government shutdown to give the agency time to look at a proposed settlement.

  4. June 13, 2016

    SEC Says Wells Fargo's Motions To Dismiss Are 'Hyperbolic'

    A Wells Fargo unit's bid to dismiss a government lawsuit over a problematic $75 million bond offering involving former Major League Baseball pitcher Curt Schilling's failed video game company is "hyperbolic and exaggerated," the U.S. Securities and Exchange Commission told a Rhode Island federal court Friday.

  5. March 10, 2016

    SEC Enforcement Puts Target On Public Finance Officials

    The U.S. Securities and Exchange Commission’s push to hold individuals accountable for wrongdoing reached the once-sleepy municipal securities market this week when the agency said it sanctioned the leaders of two public bond authorities in a pair of cases that raise the stakes on municipal finance officials elsewhere.