March 29, 2019
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.
March 20, 2019
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.
January 14, 2019
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.
June 13, 2016
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.
March 10, 2016
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.