Wells Fargo Securities

• SEC Enforcement Action Penalties: $1.5 Billion and Counting

  By Michelle A. Samaad  |  April 9, 2013

  Agency posts list of actions against securities firms since financial crisis began.

• Space Coast CU $100 Million CDO Suit Dismissed, Court Permits Amended Complaint

  By Michelle A. Samaad  |  March 20, 2013

  Judge says complaints lacked detail on fraud allegations against brokers but that credit union can come back with more details.

• Space Coast CU’s Mortgage-Backed Securities Suit on Hold

  By Michelle A. Samaad  |  February 8, 2013

  Federal court in Florida says it needs more time to review motions from banks and ratings agencies.

• Space Coast Files $100 Million CDO Suit Against Banks

  By Michelle A. Samaad  |  March 12, 2012

  Florida CU names Wells Fargo, J.P. Morgan, Merrill Lynch and others for creating phony demand for residential mortgage loans.

• NCUA Sues Wachovia Securities Over Corporate Losses

  By Claude R Marx  |  December 4, 2011

  Saying that it failed to disclose the risks to two now-defunct corporate credit unions, the NCUA is suing the company formerly known as Wachovia Securities.

• NCUA Sues Wachovia Securities over Corporate Credit Union Losses

  By Claude R. Marx  |  November 29, 2011

  Agency goes after firm now known as Wells Fargo Securities for mortgage-backed securities sales to U.S. Central, WesCorp.