Wells Fargo Denies Access to Shareholder's Meeting

program: 
Evening News
program date: 
Wed, 05/09/2012

A complaint against Wells Fargo Bank was filed yesterday with the Delaware Attorney General and the US Securities and Exchange Commission (SEC). According to the complaint, shareholders with concerns about the bank's investment and foreclosure practices were illegally denied access at last month's shareholder meeting at the company's headquarters in San Francisco.

A copy of the SEC filing was also delivered yesterday at the company's headquarters, as well as various Wells Fargo branches around the country. While shareholders are crying foul, Wells Fargo is denying some of the accusations.

KBOO's Rebecca Nay has more.

 

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