Case against former Compliance officer dismissed


A former Wells Fargo compliance officer accused of altering a document sought by U.S. securities regulators for an insider trading investigation won the dismissal of her case Wednesday after a judge ruled against sanctioning her.

Reuters reports that Judy Wolf, the compliance officer, was found by an U.S. Securities and Exchange Commission administrative law judge to have willfully aided and abetted and caused securities law violations by Wells Fargo.

But SEC Administrative Law Judge Cameron Elliot, who presided over a trial before the agency's in-house court, ruled that sanctioning Wolf would create the 'misperception' in the industry that she alone was responsible for the violation.

To access the complete Reuters article hit the link below:

Ex-Wells Fargo compliance officer spared penalty in U.S. SEC case

RBS raising $3.1 billion through issue of CoCo bonds

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

Register for HITC Business News