Hooked - (Stacia Naquin)
Updated: 10/11/2013 - I'm SO CLOSE to being able to do a pull-up. So my trainer introduced something new into my training.
WASHINGTON (AP) -- Wells Fargo's brokerage firm has agreed to pay $6.58 million to settle federal civil charges that it failed to adequately inform investors about the risks tied to mortgage securities it sold.
The Securities and Exchange Commission says Wells Fargo Brokerage Services improperly sold the high-risk investments to cities and towns, non-profit institutions and other investors in 2007, when the housing bust was under way.
The firm is paying a $6.5 million civil fine and $81,571 in restitution plus interest.
A former firm vice president, Shawn McMurtry, also agreed to settle the charges. He's paying a $25,000 civil fine and will be suspended for six months from the securities industry.
Wells Fargo and McMurtry neither admitted nor denied wrongdoing.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus
Posted: 08/06/2013 - Even if you don't plan to workout on your vacation, you may be surprised at the calories you're burning without even trying!
Updated: 06/18/2013 - We did a quick helicopter tour of the Black Forest burn area. Someone asked why the video looks shaky.
Updated: 05/20/2013 - Two weekends left to catch one great show!
Updated: 05/14/2013 - I'm still focused on meeting my goal of doing a pull-up. And I'm almost there! But I'm always getting this question: