No individual currently employed by the company has received a
Wells notice. The
Wells notice issued to the company states that the proposed action against the company would allege violations of certain provisions of the U.S.
At the conclusion of its investigation, the staff often sends a
Wells notice to the respondents notifying them that the SEC has concluded that they should be charged with violation of the securities laws.
The investigation focuses on events described in the Securities & Exchange Commission's (SEC)
Wells Notice sent to First Bancorp in November 2014.
JPMorgan revealed last month that it had received a
Wells notice from the CFTC, and that the regulator planned to recommend enforcement action on the bank.
According to the report, Netflix disclosed in a SEC filing on Thursday that the company and Hastings had received a
Wells notice from SEC staff, warning of the agency's intentions to file civil charges for violating Regulation Fair Disclosure.
Paulson, in a conference call on Monday and followed up with a letter to investors late on Tuesday, says neither he nor anyone else at the firm had received a so-called
Wells notice indicating that charges might be filed against the fund, several investors who listened to the call said.
<li>State Street receives
Wells Notice, may be sued by SEC over securities-law violations (<a href="http://www.ibtimes.com/articles/20090629/state-street-may-face-sec-charges-over-mortgages.htm">Reuters</a>)</li>
The SEC has notified Dow Jones board director David Li, chairman and chief executive of Bank of East Asia Ltd., through a
Wells notice that it plans to recommend filing civil charges against him, the report said.