BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Wells Fargo & Company Investors (“Wells Fargo” or the “Company”) (NYSE: WFC) investors concerning the Company and its officers’ possible violations of federal securities laws.
On February 2, 2018, the U.S. Federal Reserve announced "that it would restrict the growth of [Wells Fargo] until it sufficiently improves its governance and controls." The Federal Reserve further announced that "Wells Fargo will replace three current board members by April and a fourth board member by the end of the year." On this news, shares of Wells Fargo fell $5.91, or 9.2%, to close at $58.16 on February 5, 2018, thereby injuring investors.
If you purchased Wells Fargo securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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