Feds say Wells Fargo won't turn over documents

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03-25-2012, 10:50 AM
The Watcher

Feds say Wells Fargo won't turn over documents

Feds say Wells Fargo won't turn over documents

Federal securities regulators are asking a federal court to order Wells Fargo & Co. to turn over documents in an investigation of the bank's sale of $60 billion in mortgage-backed securities.
The Securities and Exchange Commission said in a statement Friday that Wells Fargo agreed to produce the documents under subpoenas dating to September of 2011, but the bank has failed to hand over much of the requested material.

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