Already struggling to rebuild its reputation after disclosing the creation of fraudulent bank accounts, the New York Times indicates that Wells Fargo may soon release information about even more fraudulent account creation. Questions: 1. Based on the new investigation, how many accounts were found and over what period? 2. What is the new regulatory issue… Read more »
Posts Tagged: regulatory violation actions
Let the Punishment Fit the Crime
The Mikado explains his ambition of letting the punishment fit the crime in Gilbert and Sullivan’s classic work. The Mikado’s song could be the new theme song of the Securities and Exchange Commission, if dissenting commissioners prevail. The debate over a “one size fits all” penalty for misconduct is at the heart of what defines… Read more »