Articles Posted in investment banking

In Wells Fargo Accounts Fraud Case, the Hits Keep Coming
Savage Villoch Law, PLLC

We all remember that nastiness about Wells Fargo, right? You know, that little PR debacle where it turned out that, due to unrealistic sales initiatives, Wells Fargo employees initiated accounts fraud against millions of consumers. After the story broke, Wells Fargo lost a major vote of consumer confidence. The following weeks saw many customers closing…

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SEC Gets a Hand in Brokerage Oversight
Savage Villoch Law, PLLC

Brokerage oversight is getting a fresh pair of eyes This week, the Securities and Exchange Commission (SEC) indicated that it would be calling on a need for more oversight from its financial regulation partner, the Financial Industry Regulatory Authority (FINRA). The decision to shift responsibility comes with an SEC initiative to devote more energies towards…

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Morgan Stanley Ethical Conduct in Question
Savage Villoch Law, PLLC

Bad Week for Big Banks Some of the nation’s top banks are facing another bad week, legally and financially as they are subjected to increased scrutiny and demand for reparations from federal regulators. Wells Fargo faces a continued inquest into the extent of its accounts fraud scandal as regional and municipal governments, including Hillsborough County,…

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CFPB Database Reveals Wolves of Wall Street
Savage Villoch Law, PLLC

Jordan Belfort may have bestowed the title ‘Wolf of Wall Street’ on himself, but we all know that wolves travel in packs – and it looks like Wall Street is full of them. The Consumer Financial Protection Bureau (CFPB) a financial watch-dog group has recently released a database outlining complaints against several of the nation’s…

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