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Senators Merkley, Warren, Menendez Urge SEC Investigation of Wells Fargo for Misleading Investors and Violating Whistleblower Protections

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WASHINGTON, D.C. –(ENEWSPF)–September 29, 2016.  Today, Senators Jeff Merkley (D-Ore), Elizabeth Warren (D-Mass), and Bob Menendez (D-N.J.) formally called on the U.S. Securities and Exchange Commission (SEC) to investigate whether Wells Fargo and senior officials violated laws by misleading investors and firing whistleblowers while the bank oversaw the creation of millions of unauthorized, fraudulent accounts.

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“After regulators discovered this widespread problem, Wells Fargo conducted an analysis that revealed that employees may have opened as many…

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