The WSJ reports:
"The Securities and Exchange Commission is probing whether Wells Fargo & Co. violated rules around investor disclosures and other matters relating to its recent sales tactics scandal, people familiar with the matter said. The SEC sent requests for information to the bank asking for documents in recent weeks, following three Democratic senators’ calls in late September for the SEC to investigate whethe r Wells Fargo misled investors and violated whistleblower protections while allegedly engaged in illegal sales practices."
http://www.wsj.com/articles/sec-probing-wells-fargo-around-sales-practice-disclosures-1478127877
Will we see any real changes in behavior from this or any Bank as a result of all the ballyhoo?